Taiwan’s President takes down tariff stress with America as ‘friction among friends’

Taipei: The President of Taiwan said on Tuesday that a show of trade tension optimism between the United States and Taiwan has just “friction” between friends as tariff talks with Washington are going on. US President Donald Trump last month imposed 32% tariffs on all imports from Taiwan as part of the comprehensive duties imposed against all American business partners. The tariffs on Taiwan’s goods were later reduced to 10% for 90 days to allow for business talks. Officers from both sides met in Taipei, the capital of the island, last month for the first round of in-practice negotiations, one and another in the coming weeks. In a speech that marks his first year as President and focusing on Taiwan’s strategies to reduce the impacts of American tariffs and military threats from China, Lai Ching-T hit an adjustment tone despite tariff pressure. The US and Taiwan have long “cooperated and encouraged each other to grow,” he said. “Fricks are bound to be friction between friends, but they can eventually reconcile.” “Even if there are differences of opinion, as long as there is the foundation of faith and honest dialogue, they can understand each other better and deepen their friendship,” he said. The US has traditionally been Taiwan’s strongest informal ally in front of Military threats by China, which if necessary consider its own territory to self-explained island. Washington is bound by his own laws to provide Taipei to protect himself. Lai said Taiwan would continue to strengthen its national defense capabilities, both through foreign military procurement and development of domestic weapons, and with their colleagues “shoulder to shoulder”. , “We will prepare adequately to avoid war and achieve the goal of peace,” he said. Opening the possibility of interaction with Beijing, he said that “Taiwan is very willing to get involved in exchange and cooperation with China” unless there is mutual respect and dignity. Taiwan’s economy is supported by large -scale semiconductor firms that supply other electronics, advanced manufacturing and green tech manufacturers globally -along with microchips. LAI said he would continue to encourage foreign investment in Taiwan, about opening a new office in Northern Taipei citing Monday’s announcement by American technology company NVIDIA. Born in Taiwan, Nvidia, Jensen Huang also announced that his company would form an artificial intelligence on the island in partnership with his company TSMC, Tech firm Foxconn and Taiwanese government. He also supported the increased investment by Taiwanese firms in the US. In March, the island’s largest chipmaker, TSMC, responded to Trump’s tariff threats by pledging a new $ 100 billion investment in the US, in addition to earlier commitments to invest more than $ 65 billion in three factories in Arizona, one of which started production late last year. However, in addition to competing to the purchase of US products, the LAI’s controversial resolution to completely remove the tariffs on American goods “on American goods” triggered protests by Taiwanese farmers last week.