Taiwan-US Trade Talks Await Final Verdict

Taiwan's President Lai Ching-te stated that it's premature to deem the trade discussions with the United States successful, as final meetings and decisions are pending. He clarified that a 20% tariff rate was not the target for the democratically-governed island during negotiations.

Taiwan is holding off on declaring its trade discussions with the United States a triumph, according to President Lai Ching-te. The final outcomes are still under deliberation, he mentioned on Friday.

Despite widespread speculation, the President clarified that a 20% tariff rate was never Taiwan's goal in these talks. The island is committed to reaching a mutually beneficial agreement with the U.S.

Lai emphasized Taiwan's dedication to maintaining its democratic values while aiming for a favorable trade environment, indicating the strategic importance of these negotiations.

(With inputs from agencies.)