Taiwan says that tariff negotiations with US are nonetheless ongoing

As a reminder, Taiwan was slapped with 20% tariffs within the newest twist to the tariffs saga. However they’re reaffirming that negotiations are nonetheless ongoing, with the objective being to “search a greater and extra affordable tariff charge”.

It is the identical case for a lot of international locations, even those who have reportedly struck a “deal” with the US earlier than the 1 August deadline. These offers appear to be framework agreements at greatest as is the case for the EU, UK, Japan, and likewise China to a point. They’re primarily only a pact to deal quickly with decrease tariffs whereas supposedly attempting to barter for higher phrases.

This text was written by Justin Low at investinglive.com.