Taiwan president calls trade tensions with the U.S. just ‘frictions between friends’ as tariff talks grind forward

Quick Summary:

Tariff negotiations between Taiwan and the U.S.are underway after President Donald Trump threatened to impose 32% tariffs on all imports from the island.

The tariffs on Taiwanese goods were subsequently lowered to 10% for 90 days to allow for trade negotiations.

Lai opened his speech by offering his “deepest condolences” to the families of three people, including two 12-year-old girls, who were killed when a driver plowed through pedestrians in New Taipei City on Monday.

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Article Details

Author / Journalist: The Associated Press

Category: EconomyBusiness

Markets: United StatesTaiwan

Topics: Editor's Picks Tariffs and trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 10:14:13 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 556 words

Reading Time: 4 minutes read

Sentences: 6 lines

Sentence Length: 93 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28870730

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Official Website: fortune.com

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