TAIPEI: Taiwan has reached a “general consensus” with the United Sates on a trade deal, the democratic island’s negotiators said Tuesday, after months of talks.
Taiwan and the United States began negotiations in April to hash out a trade deal after US President Donald Trump slapped a 32 percent tariff on Taiwanese exports, which was later lowered to 20 percent, as part of his sweep of measures against dozens of trade partners.
Taiwanese President Lai Ching-te has pledged to boost investment in the United States and increase defense spending as his government tries to further reduce the levy on its shipments, as well as avoid a toll on its semiconductor chip exports.
“The goal of the US-Taiwan tariff negotiations has always been to seek reciprocal tariff reductions without stacking tariffs, and to obtain preferential treatment under Section 232 for semiconductors, semiconductor derivatives, and other items,” the Office of Trade Negotiations said in a statement, adding there was a “general consensus” on these issues.
Section 232 refers to part of the US Trade Expansion Act that allows tariffs to be imposed when national security is found to be at risk.
“Both sides are currently discussing the schedule for a concluding meeting, and an announcement will be made once it is confirmed,” the statement said.
Taiwan’s trade officials also vowed to provide “a complete explanation of the negotiations and the agreement” to the opposition-controlled parliament and the public.
American soil
Taiwan is a powerhouse in the manufacturing of semiconductor chips, which are the lifeblood of the global economy, as well as other electronics.
Trump has previously accused Taiwan of stealing the US chip industry and his administration had made clear it wants more of the critical technology made on American soil.
The US government launched investigations under Section 232 into semiconductors and chip-making equipment last year.
Taiwan’s trade surplus with the United States was the seventh highest of any country in 2024, reaching $73.9 billion.
More than half of its exports to the United States are information and communications technology products, including semiconductors.
Lai has been at pains to find favor with Trump, vowing to raise defense spending to more than three percent of GDP this year and five percent by 2030.
TSMC, which is the world’s largest contract chip maker, also has pledged to invest an additional $100 billion in the United States.
But Taiwanese Deputy Foreign Minister Francois Chih-chung Wu told AFP recently that Taiwan planned to keep making the “most advanced” chips on home soil.
Taiwan says reached ‘general consensus’ with US on trade deal
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Taiwan says reached ‘general consensus’ with US on trade deal
- Taiwan has reached a “general consensus” with the United Sates on a trade deal, the democratic island’s negotiators said Tuesday, after months of talks
Pakistani fighter jet crashes in Jalalabad, pilot captured: Afghan military, police
- Fighting between Pakistan and Afghanistan’s Taliban military entered its third day on Saturday
- Pakistan’s strikes on Friday hit Taliban military installations and posts, including in Kabul and Kandahar
JALALABAD: A Pakistani jet has crashed in Jalalabad city and the pilot captured alive, the Afghan military and police said Saturday, with residents telling AFP the man parachuted from the plane before being detained.
"A Pakistani fighter jet was shot down in the sixth district of Jalalabad city, and its pilot was captured alive," police spokesman Tayeb Hammad said.
Wahidullah Mohammadi, spokesman for the military in eastern Afghanistan, confirmed the Pakistani jet was downed by Afghan forces "and the pilot was captured alive".
The AFP journalist heard a jet overhead before blasts from the direction of the airport in Jalalabad, the capital of Nangarhar province, which sits on the road between Kabul and the Pakistani border.
Fighting between Pakistan and Afghanistan’s Taliban military entered its third day on Saturday, following overnight clashes as the international community expressed increasing concern about the conflict and called for urgent talks.
Pakistan’s strikes on Friday hit Taliban military installations and posts, including in Kabul and Kandahar, in one of the deepest Pakistani incursions into its western neighbor in years, officials said.
Islamabad accuses the Taliban of harboring Tehreek-e-Taliban Pakistan (TTP) militants, who it claims are waging an insurgency inside Pakistan, a charge the Taliban denies.
Pakistan described its actions as a response to cross-border assaults, while Kabul denounced them as a breach of its sovereignty, saying it remained open to dialogue but warned any wider conflict would result in serious consequences.
The fighting has raised the risk of a protracted conflict along the rugged 2,600-kilometer frontier.
Diplomatic efforts gathered pace late on Friday as Afghanistan said its foreign minister, Amir Khan Muttaqi, spoke by telephone with Saudi Arabia’s Prince Faisal bin Farhan about reducing tensions and keeping diplomatic channels open.
The European Union called for both sides to de-escalate and engage in dialogue, while the United Nations urged an immediate end to hostilities.
Russia urged both sides to halt the clashes and return to talks, while China said it was deeply concerned and ready to help ease tensions.
The United States supports Pakistan’s right to defend itself against attacks by the Taliban, a State Department spokesperson said.
Border fighting continues
Exchanges of fire continued along the border overnight.
Pakistani security sources said an operation dubbed “Ghazab Lil Haq” was ongoing and that Pakistani forces had destroyed multiple Taliban posts and camps in several sectors. Reuters could not independently verify the claims.
Both sides have reported heavy losses with conflicting tolls that Reuters could not verify. Pakistan said 12 of its soldiers and 274 Taliban were killed while the Taliban said 13 of its fighters and 55 Pakistani soldiers died.
Taliban deputy spokesman Hamdullah Fitrat said 19 civilians were killed and 26 wounded in Khost and Paktika. Reuters could not verify the claim.
Pakistan’s Defense Minister Khawaja Muhammad Asif said “our cup of patience has overflowed” and described the fighting as “open war,” warning that Pakistan would respond to further attacks.
Taliban Interior Minister Sirajuddin Haqqani said in a speech in Khost province that the conflict “will be very costly,” and that Afghan forces had not deployed broadly beyond those already engaged.
He said the Taliban had defeated “the world, not through technology, but through unity and solidarity,” and through “great patience and perseverance,” rather than superior military power.
Pakistan’s military capabilities far exceed those of Afghanistan, with a standing army of hundreds of thousands and a modern air force.
In stark contrast, the Taliban lacks a conventional air force and relies largely on light weaponry and ground forces.
However, the Islamist group is battle-hardened after two decades of insurgency against US-led forces before returning to power in 2021.
