💨 Abstract

Taiwan's President Lai Ching-te addressed the 32% tariff imposed by the US on imports from Taiwan, stating that Taiwan will adopt a five-response strategy to handle the tariffs without retaliation. The strategy includes improving reciprocal tariff rates through negotiations, supporting affected domestic industries, adopting long-term economic development plans, forming "Taiwan plus the US" arrangements, and launching industry listening tours.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖