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Tariffs: Lai Urged to Convene a Conference on US Tariffs

THAILAND, AUG 1 – The tariffs address America's $45.6 billion trade deficit with Thailand and target multiple Southeast Asian nations with rates mostly at 19%, aiming to protect U.S. economic and national security interests.

  • Fu Kun-chi, the chief convener of the Kuomintang, urged President William Lai to hold a national conference in response to the 20 percent tariff imposed by the United States on Taiwanese goods, which is a challenge for Taiwanese industries.
  • Eighty-Five percent of Taiwan's industries are export-oriented and face increased pressure from an appreciating New Taiwan dollar and tariffs, according to Fu Kun-chi.
  • Taiwan's legislature passed a special act to provide NT$545 billion to counter the tariffs' effects, including cash handouts for citizens.
  • Mayors from several municipalities called for negotiations to achieve a better tariff rate, citing challenges compared to Japan's and South Korea's rates of 15 percent.
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The Nation Thailand broke the news in Bangkok, Thailand on Friday, August 1, 2025.
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