💨 Abstract

Taiwan is preparing contingency plans for potential US tariffs, emphasizing that its trade surplus is due to high demand for Taiwanese technology, not unfair practices. Officials expect Taiwan to be among the nations targeted by the US policy, and have been preparing response measures. Taiwan has taken proactive steps to reduce its trade surplus with the US, such as importing more American goods and signing a letter of intent to purchase liquefied natural gas from Alaska.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖