Taiwan’s President Lai Ching-te announced that the self-ruled island will not impose retaliatory tariffs after the US introduced a 32% tariff on Taiwanese goods.

In a video speech, he said the government will focus on negotiations and supporting affected industries.

Lai emphasized that while 23.4% of exports went to the US in 2024, over 75% were sent to other markets. He highlighted Taiwan’s resilience, noting 65.4% of US-bound exports were ICT products and electronic components.

A negotiation team led by Vice Premier Cheng Li-chiun will begin talks with the US, aiming for a “zero tariffs” framework similar to the United States–Mexico–Canada Agreement (USMCA).

Taiwan also plans to increase purchases of American goods to balance trade. The government will support SMEs and traditional industries through industrial transformation and focus on semiconductor and smart manufacturing strengths.