Taiwan says US tariff deal not final, calls 20% hit 'temporary'

President Lai says talks will continue, expects rate to be lowered

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Taiwan's trade-dependent economy faces new 20% tariffs on its U.S. exports, but President Lai Ching-te says that talks are ongoing and the duty should come down. © Reuters

THOMPSON CHAU, LAULY LI and CHENG TING-FANG

August 1, 2025 13:14 JST

TAIPEI/KAOHSIUNG -- Taiwan on Friday said the 20% tariff imposed by the U.S. on the island's exports is only "temporary," and that the two sides are still negotiating a lower rate despite President Donald Trump's position that there would be no extensions to the negotiation deadline.