US Edition
US Imposes 20% Tariff on Taiwan, Surpassing Rates on Key Asian Exporters
TAIWAN, AUG 1 – Taiwan says the 20% U.S. tariff is temporary as negotiations proceed, with Taiwan exporting $73.92 billion more to the U.S. than it imports, officials said.
- Imposing a 20% tariff on Taiwanese exports, the executive order signed by President Donald Trump yesterday takes effect at 12:01 a.m. EDT on Aug. 7.
- The policy rationale, outlined in the amendment to Executive Order 14257, frames the persistent US's trade deficit as an 'unusual and extraordinary threat' and first proposed a 32% duty on Taiwanese goods on April 2, 2025.
- Highlighting contrasts, Taiwan’s 20% levy matches Vietnam, Sri Lanka and Bangladesh but exceeds the 15% on Japan, South Korea and the EU and the 19% on the Philippines.
- On Friday, Taiwan's president and cabinet described the 20% tariffs as 'temporary' and said negotiations will reduce the rate once a final agreement is reached.
- Future talks could reshape Taiwan’s trade strategy and global supply chain role, crucial after last year’s sixth-largest trade deficit of $73.92 billion with the US.
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President Donald Trump signed an executive order Thursday imposing new tariffs on dozens of trading partners, with Taiwan set to pay a 20% tariff. Taiwanese President Lai Ching-te said Friday the tariffs were "temporary" and that the two sides would continue negotiations.
Coverage Details
Total News Sources11
Leaning Left4Leaning Right1Center4Last UpdatedBias Distribution44% Left, 44% Center
Bias Distribution
- 44% of the sources lean Left, 44% of the sources are Center
44% Center
L 44%
C 44%
11%
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