💨 Abstract

Taiwan will not retaliate against the 32% tariff imposed by US President Donald Trump on Taiwanese goods, according to President Lai Ching-te. Despite the significant impact on the economy, Lai emphasized Taiwan's strong economic fundamentals and its reliance on other markets for 75% of exports. A negotiation team has been established to discuss tariffs with the US, with the goal of "zero tariffs."

Courtesy: theprint.in

Summarized by Einstein Beta 🤖