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.
The Ministry of Finance this afternoon announced the winning numbers for the March-April uniform invoice lottery. The winning number for the NT$10 million (US$318,060) special prize is 19531471, and the winning number for the NT$2 million grand prize is 85941329. Three numbers were drawn for the NT$200,000 first prize: 07225810, 20231230 and 83518781. Those with receipts matching the last seven digits of any of the first-prize numbers will win the NT$40,000 second prize, while those matching the last six digits will win the NT$10,000 third prize. Those whose receipts match the last five digits of the first-prize numbers can claim the NT$4,000 fourth prize,
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