Taiwan's authorities have announced that the second round of in-person consultations between Taiwan and the United States regarding tariff issues has achieved constructive progress.
On Sunday (June 29), Taiwan’s Executive Yuan published on its official website that, following the completion of the first round of in-person consultations on reciprocal tariff and other economic and trade topics between Taiwan and the U.S. on May 1, Vice Premier Cheng Li-chun and Taiwan’s Chief Trade Negotiator Yang Chen-ni once again led the government team to Washington, D.C., conducting a two-day second round of in-person consultations on reciprocal tariff issues with the United States on June 25. During the visit, they also held overall discussions with United States Trade Representative Jamieson Greer and U.S. Secretary of Commerce Howard Lutnick.
The Executive Yuan stated that, in this round of consultations, both sides gradually built consensus on multiple economic and trade topics including tariffs, non-tariff trade barriers, trade facilitation, and supply chain resilience, striving to promote balanced trade, optimize the economic and trade system, and create more opportunities for industrial and economic development between Taiwan and the U.S.
During the process, both sides also expressed that, based on the long-term complementary relationship between Taiwan and U.S. industries, expanding bilateral investment would further promote mutual prosperity and development. In particular, Taiwanese companies have increased their investments in the United States in recent years, a trend the U.S. also welcomes as American companies expand their investments in Taiwan.
Cheng Li-chun, who is also the convener of the Executive Yuan’s Taiwan-U.S. Economic and Trade Working Group and the head of Taiwan’s delegation, stated that both parties believe that constructive progress has been achieved in the negotiations so far. She described Taiwan and the United States as crucial economic, trade, and technological strategic partners to each other, with industries in both places enjoying deep supply chain cooperation. She looks forward to the negotiations yielding mutually beneficial and win-win outcomes.
On Sunday (June 29), Taiwan’s Executive Yuan published on its official website that, following the completion of the first round of in-person consultations on reciprocal tariff and other economic and trade topics between Taiwan and the U.S. on May 1, Vice Premier Cheng Li-chun and Taiwan’s Chief Trade Negotiator Yang Chen-ni once again led the government team to Washington, D.C., conducting a two-day second round of in-person consultations on reciprocal tariff issues with the United States on June 25. During the visit, they also held overall discussions with United States Trade Representative Jamieson Greer and U.S. Secretary of Commerce Howard Lutnick.
The Executive Yuan stated that, in this round of consultations, both sides gradually built consensus on multiple economic and trade topics including tariffs, non-tariff trade barriers, trade facilitation, and supply chain resilience, striving to promote balanced trade, optimize the economic and trade system, and create more opportunities for industrial and economic development between Taiwan and the U.S.
During the process, both sides also expressed that, based on the long-term complementary relationship between Taiwan and U.S. industries, expanding bilateral investment would further promote mutual prosperity and development. In particular, Taiwanese companies have increased their investments in the United States in recent years, a trend the U.S. also welcomes as American companies expand their investments in Taiwan.
Cheng Li-chun, who is also the convener of the Executive Yuan’s Taiwan-U.S. Economic and Trade Working Group and the head of Taiwan’s delegation, stated that both parties believe that constructive progress has been achieved in the negotiations so far. She described Taiwan and the United States as crucial economic, trade, and technological strategic partners to each other, with industries in both places enjoying deep supply chain cooperation. She looks forward to the negotiations yielding mutually beneficial and win-win outcomes.