Economy Minister Strikes Positive Tone for a Better US Trade Deal

TaiwanPlus News

Taiwan’s economy minister has expressed optimism over trade negotiations with the US, with an economic think tank saying the US tariff rate could be reduced from 20% to 15%, without stacking on top of existing rates.

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00:00Taiwan's economy minister struck an upbeat tone, saying the nation could get a better trade deal with the U.S.

00:20Gong's remarks come as Taiwan continues trade negotiations with the U.S.,

00:25which currently imposes a 20 percent reciprocal tariff on most of Taiwan's exports.

00:30Taiwan President Lei Tingde said that while the country is seeking better terms with the U.S.,

00:36Taiwan can use its strengths in manufacturing and communications technology

00:40to help the U.S. re-industrialize and build tech hubs.

00:44Taiwan's economic think tank said Thursday that the tariff rate could be reduced to 15 percent

00:50without stacking on top of existing rates.

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