At the beginning of this year, former U.S. President Donald Trump announced a “reciprocal tariff” policy that sent shockwaves across the globe. As the United States’ sixth-largest trade deficit partner, Taiwan inevitably became one of the first affected countries. Facing an initial proposed tariff of up to 32%, the Taiwanese government actively engaged in negotiations with Washington and eventually succeeded in lowering the rate to 20% by early August — a reduction of 12 percentage points. ...
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