The government today said that it hoped for a more favorable tariff rate from the US after talks achieved "certain progress," and it was now awaiting a "concluding" meeting.
Taiwan's exports to the US are currently subject to a 20 percent tariff.
Deputy Trade Representative Yen Huai-shing (顏慧欣) said in a statement that talks with the US continued to advance.
Photo: I-Hwa Cheng, Bloomberg
"Both sides acknowledge that the current negotiations have achieved certain progress, and we are now awaiting the US side to schedule a concluding meeting," Yen said.
"Given the impact of the current 20 percent temporary reciprocal tariffs on our industries, we hope to secure more favorable and reasonable reciprocal tariff rates and preferential treatment for Section 232 tariffs through this agreement," she added.
Rates on semiconductors and other key technology goods have not yet been set, as they are the subject of a US national security probe that is being conducted under Section 232 of the Trade Expansion Act of 1962.
The US Trade Representative's office did not immediately respond to a request for comment outside of office hours in Washington.
The comment comes after US Secretary of Commerce Howard Lutnick yesterday said on CNBC that "we have a big deal coming with Taiwan," but he did not give details.
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