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2023-02-08
President Tsai confers decoration on USTBC Chairman Emeritus Paul D. Wolfowitz

On the morning of February 8, President Tsai Ing-wen presented Paul D. Wolfowitz, Chairman Emeritus of the US-Taiwan Business Council (USTBC), with the Order of Brilliant Star with Grand Cordon, in recognition of his contributions to Taiwan-US economic and trade cooperation and his support for Taiwan's democracy. In remarks, President Tsai thanked USTBC for its longstanding support for and confidence in Taiwan. The president also stated that peace and stability across the Taiwan Strait is a cornerstone of prosperity for Taiwan, the United States, and the region. She added that she looks forward to the continued support of USTBC, as we work together to ensure a fair, prosperous, and resilient economic order in the Indo-Pacific region.

A translation of President Tsai's remarks follows:

Following an interval of three years due to the COVID-19 pandemic, a USTBC delegation is visiting Taiwan once again. All of the guests here are important representatives from across the world of business, working in areas including high-tech, national defense, energy, finance, biomedicine, and consumer products. Your visit demonstrates the high regard that the USTBC has for Taiwan's market. The members of your delegation will also conduct in-depth exchanges with relevant government agencies in pursuit of even broader cooperation.

I just conferred the Order of Brilliant Star with Grand Cordon upon Chairman Emeritus Wolfowitz to thank him on behalf of the people of Taiwan. Chairman Emeritus Wolfowitz is a good friend and staunch supporter of Taiwan. Over many years, he has made innumerable contributions to deepening Taiwan-US economic cooperation and supporting Taiwan's democracy. 

The international landscape has seen tremendous changes over the past few years. Thanks to the solidarity of our people, Taiwan has maintained momentum in economic growth and has made substantial efforts to uphold the security of global supply chains.

Recently, Taiwan and the US have made significant progress in bilateral trade and investment. Since 2018, our two-way trade has increased by 50 percent, making Taiwan the ninth-largest trading partner of the United States. I want to thank all of the business representatives here today for your longstanding support for and confidence in Taiwan. I also want to reiterate that peace and stability across the Taiwan Strait is a cornerstone of prosperity for Taiwan, the United States, and the region.

In the face of authoritarian expansionism, Taiwan will continue to strengthen its self-defense capabilities. We will also enhance cooperation with the United States and other like-minded partners to build resilient supply chains underpinned by democratic values to safeguard our way of life.

We hope that USTBC will continue to support economic and trade cooperation between Taiwan and the United States. Just last month, our countries held a new round of meetings under the Taiwan-US Initiative on 21st-Century Trade, which was launched last year. Moving forward, customs clearance and verification procedures between Taiwan and the US will become easier. In addition to promoting the signing of an avoidance of double taxation agreement, we also seek to join the Indo-Pacific Economic Framework (IPEF) initiated by the US government. This would help businesses on both sides strengthen competitive advantages and build an even firmer foundation for the Taiwan-US economic and trade partnership.

In closing, I once again welcome you all, and look forward to the continued support of USTBC. Let us work together to ensure a fair, prosperous, and resilient economic and trade order in the Indo-Pacific region.

Chairman Emeritus Wolfowitz then delivered remarks. He mentioned that he had the privilege of working in government with seven different US presidents, and that each one of them was a remarkable leader in their own way. He added that his favorite among them was President Ronald Reagan because he loved to inject jokes into his speeches. Chairman Emeritus Wolfowitz expressed his pride at receiving the Order of Brilliant Star with Grand Cordon, saying that for many years he has worked closely with the people and government of Taiwan, despite sometimes being hindered by political circumstances.

Noting that US-Taiwan relations are conducted in an unofficial capacity, Chairman Emeritus Wolfowitz said that they have had important relationships which had to work in this way. He then brought up the example of the US-West Berlin relationship during the Cold War, saying that much like it, the US relationship with Taiwan is unofficial and based on people-to-people ties, which sometimes puts constraints on US diplomats and on the government of Taiwan. But, he added, throughout the Cold War the US managed to preserve freedom in Berlin, and preserving freedom in Taiwan is of equal historical importance.

Chairman Emeritus Wolfowitz commended President Tsai on her outstanding leadership, which has contributed greatly to the strengthening of our bilateral relationship. He then quoted a sign that Ronald Reagan kept on his desk that said "there's no limit to what a person can accomplish as long as they don't care who gets the credit," and said that he would add to this that "international relationships, particularly when they have to operate under those constraints, are a team sport." He also said that Taiwan is home to marvelous government officials and business leaders, and expressed his pride at having spent a number of years working with US business leaders through USTBC, before noting that today USTBC has brought many business representatives to meet with the president.

Chairman Emeritus Wolfowitz cited the results of a USTBC survey which concluded that US business confidence in Taiwan has been increasing during a period when in most parts of the world, it has been on the decline. He added that this is something to be very proud of, but that we should not become complacent about it, and mentioned that during their meeting the members of the delegation will discuss their views on how to further strengthen business confidence in Taiwan.

Noting that Taiwan's strength and survival depend both on a prosperous economy and resilient people, Chairman Emeritus Wolfowitz said that USTBC is here to try to help maintain this prosperity and resilience. He then thanked President Tsai for the honor she conferred on him and said he takes it as a recognition of the work of many people. Lastly, he expressed confidence that Taiwan's prosperity will continue long into the future. 

Also in attendance at the ceremony was President of USTBC Rupert Hammond-Chambers.

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2025-08-01
President Lai meets delegation from US Foundation for Defense of Democracies
On the afternoon of August 1, President Lai Ching-te met with a delegation from the United States-based Foundation for Defense of Democracies (FDD). In remarks, President Lai stated that as authoritarianism expands, only by working closely together can the global democratic community protect our shared values of freedom and democracy and way of life. The president said that deepening the strategic economic and trade partnerships between Taiwan and the US will not only help strengthen our cooperation with other like-minded partners in key and innovative technologies, but also ensure supply chain security, which is consistent with the national security interests of Taiwan, the US, and all of our democratic partners. President Lai also expressed hope that further Taiwan-US exchanges and cooperation will enable us to continue to deepen and consolidate democracy. A translation of President Lai’s remarks follows: I extend a warm welcome to this delegation from the FDD. It is a great pleasure to meet with so many dear friends of Taiwan again. The FDD holds a key position among think tanks based in Washington, DC. In addition to conducting research on issues relating to US national security, it also frequently issues policy recommendations and specialist reports that help actively realize its goal of safeguarding democratic values from authoritarian threats. I would like to express my appreciation to the FDD for its long-term focus on Taiwan and for continuing to increase the attention paid to Taiwan’s defense and social resilience. I also hope that the experts and scholars in this delegation can provide Taiwan with optimal insights into these issues. In recent years, China has continued to ramp up military activity in and around the Taiwan Strait and East and South China Seas. The expansion of authoritarianism is not only altering the global security framework, but also challenging the rules-based international order in an unprecedented way. Only by working closely together and adopting appropriate countermeasures can the global democratic community protect our shared values of freedom and democracy and our way of life that values human rights. In addition to demonstrating the determination to defend itself, Taiwan will also fulfill its important responsibilities as a member of the international community. Taiwan will continue to strengthen its national defense, build economic security, demonstrate stable and principled cross-strait leadership, and promote values-based diplomacy to enhance cooperation with democracies around the world. Together, we can safeguard regional peace and stability and advance global prosperity and development. The world has seen the crucial role that Taiwan plays in technological supply chains. In addition to the semiconductor industry, Taiwan can also strengthen cooperation with the US in other key technological fields, including national defense technologies and AI. Deepening the strategic economic and trade partnerships between Taiwan and the US will not only help strengthen our cooperation with other like-minded partners in key and innovative technologies, but also ensure supply chain security. This is consistent with the national security interests of Taiwan, the US, and all of our democratic partners. Taiwan greatly cherishes our deep friendships with all, and we look forward to further Taiwan-US exchanges and cooperation enabling us to continue to deepen and consolidate democracy. Former US Deputy National Security Advisor Matthew Pottinger then delivered remarks, indicating that on this visit, the delegation is working together with the Research Institute for Democracy, Society, and Emerging Technology and others across Taiwan’s society, as well as with guests from Japan, Australia, and Europe, who joined them this week to conduct tabletop exercises. He added that they carried out work to test their assumptions about various scenarios that could occur if there are attempts made to intimidate or coerce Taiwan and other free societies. Mr. Pottinger said that he and his colleagues were impressed with the Taiwan team that participated in the tabletop exercises for their creativity and resourcefulness, which he said gives him great confidence that Taiwan and its friends will be able to deter or respond to any intimidation or crisis. Mr. Pottinger then stated in Mandarin that free nations are innovative, resource-efficient, and resilient under the threat of authoritarian states, and that free nations also have trustworthy friends. He concluded his remarks by thanking President Lai for meeting with the delegation, saying that they look forward to their discussion.
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2025-08-01
President Lai delivers remarks on US reciprocal tariff policy response
On the morning of August 1, President Lai Ching-te delivered remarks at the Presidential Office on the response to the reciprocal tariff policy of the United States. President Lai explained that technical consultations with the US are finished, but as the final concluding meeting has not yet taken place, 20 percent has been set for Taiwan as an interim tariff rate. The president said that Taiwan will work towards a more favorable and reasonable rate in the subsequent negotiations, and that the US has expressed its willingness to continue talks. He added that a support plan for Taiwan’s export supply chain in response to US tariffs has been proposed to assist small- and medium-sized enterprises (SMEs) in responding to the US tariff policy. A translation of President Lai’s remarks follows: Earlier today, the US government informed our lead negotiator, Vice Premier Cheng Li-chiun (鄭麗君), that an interim tariff rate for Taiwan has been set at 20 percent. Since April 2, when the US introduced its new tariff policy targeting countries worldwide, Taiwan has actively engaged in four in-person rounds of negotiation and multiple discussions over videoconference with the US government. Throughout the process, both sides have negotiated in good faith based on the shared goal of addressing the trade deficit between Taiwan and the US and creating complementary and mutually beneficial outcomes. Although we have achieved an interim reduction in the tariff rate from 32 percent to 20 percent at this point in the negotiations, 20 percent was never our goal. We hope to work towards a more favorable and reasonable rate for Taiwan in the subsequent negotiations, and the US has expressed its willingness to continue talks. We have finished technical consultations, but as the final concluding meeting has not yet taken place, a final tariff rate has not yet been reached. This is the reason for the setting of an interim tariff rate. I extend my sincere gratitude to Vice Premier Cheng and Minister without Portfolio of the Executive Yuan Yang Jen-ni (楊珍妮) for working tirelessly over the past few months leading the negotiation team, remaining on call whether in Taiwan or the US. From here in Taiwan I, along with Vice President Bi-khim Hsiao, National Security Council Secretary-General Joseph Wu (吳釗燮), Premier Cho Jung-tai (卓榮泰), and Secretary-General Pan Men-an (潘孟安), have also provided full support to our negotiating team in the US. Regardless of the final tariff rate, Taiwan’s industries will inevitably be impacted. I am deeply grateful to Premier Cho for proposing on April 4 a support plan for Taiwan’s export supply chain in response to US tariffs, and for holding over 20 industry consultation sessions. The special budget has also been increased from NT$88 billion to NT$93 billion. This special act has already been submitted to the Legislative Yuan and passed review. I hope that the Executive Yuan will promptly submit the budget request for legislative review so that the special budget can be implemented as soon as possible to assist SMEs in responding to this new US tariff policy.
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2025-07-29
President Lai meets delegation from US National Endowment for Democracy
On the afternoon of July 29, President Lai Ching-te met with a delegation from the United States-based National Endowment for Democracy (NED). In remarks, President Lai said that faced with the continued expansion of authoritarianism, Taiwan will increase its self-defense capabilities and civil defense awareness. The president stated that Taiwan will also deepen security and economic cooperation with democratic partners to jointly build secure and stable supply chains and advance our nations’ democratic resilience. The president expressed hope that with the support of the NED, Taiwan will continue to join hands and move forward with the global democratic community as we consolidate democratic values and advance prosperity and development in the region and across the world. A translation of President Lai’s remarks follows: I warmly welcome NED President Damon Wilson on this visit. We last met two years ago when President Wilson made a special visit to Taiwan to attend an international conference celebrating the Taiwan Foundation for Democracy (TFD)’s 20th anniversary. This is his fourth visit to Taiwan since assuming his current position, once again demonstrating the great importance he attaches to Taiwan’s democracy and underscoring his staunch support for Taiwan-US relations. On behalf of the people of Taiwan, I express my sincerest appreciation. The NED has long worked closely with civic organizations in Taiwan. In recent years, it has actively assisted civil society groups in engaging with the international community and establishing partnerships with NGOs around the world so as to further highlight Taiwan’s key role in the global democratic network. The Economist Intelligence Unit’s Democracy Index ranks Taiwan first in Asia as a full democracy, while Freedom House’s Freedom in the World report ranks Taiwan as the second freest country in Asia. These achievements are the result of the joint efforts of the people of Taiwan and the support of nations around the world for Taiwan’s efforts. Taiwan is doing all it can to make even greater contributions to global democratic development. Among these efforts, the TFD continues to work closely with the NED to promote democratic development across the region. Taiwan also collaborates and shares experiences with such like-minded partners as the US, Japan, Australia, and Canada through the Global Cooperation and Training Framework to jointly strengthen democratic governance and social resilience. As President Wilson emphasized on his last visit, Taiwan’s robust democracy and its security are closely related. Faced with the continued expansion of authoritarianism, we will increase our self-defense capabilities and civil defense awareness. We will also deepen security and economic cooperation with democratic partners. Together, we can build secure and stable supply chains, prevent infiltration by authoritarian regimes, and advance our nations’ democratic resilience. With the support of President Wilson and the NED, I look forward to Taiwan continuing to join hands and move forward with the global democratic community as we consolidate democratic values and advance prosperity and development in the region and across the world. President Wilson then delivered remarks, first thanking President Lai for welcoming him and stating that it is an honor to be in the Republic of China (Taiwan), which is on the frontline of freedom around the world. He said that the delegation is here to pay respect to the hard-won freedom of the Taiwanese people, the fundamental rights that they enjoy, the vibrant democracy seen across this island, the power of the rule of law, and the fact that Taiwan models how sovereignty is based on the free will of its citizens and people. It is not only a testament to the strength and resilience of Taiwan’s democracy, but an extraordinary example to the region and to the world, he said, and they are proud to play a role in supporting and encouraging others to help Taiwan safeguard these freedoms. President Wilson indicated that the NED is America’s foundation for freedom, and that they are here to represent the American people to build and deepen the civic ties between Americans and the people of Taiwan, working in a partnership with the TFD spanning over two decades. He said that Taiwan boldly embraces the values of freedom and democracy, and by doing so, has attracted the admiration and attention of the world. Citing President Lai, President Wilson echoed that the strength of Taiwan’s democracy bolsters its national security, adding that it also invests the US in its security. This is why they are committed to doing their part to help contribute to safeguarding Taiwan’s democracy, he said.  President Wilson noted that when he began his role as president of the NED, he worked with the TFD to welcome 300 democracy advocates from 70 countries around the world as part of the World Movement for Democracy Global Assembly to come and see the vibrancy of Taiwan’s democracy and to understand that their commitment to democracy and freedom meant that their support for Taiwan was an important part of that. President Wilson stated that the delegation is in Taiwan because they look forward to doubling down on their engagement with the people of Taiwan and the cause of democratic unity. He added that they are focused on building partnerships in four key areas and ensuring that they can include Taiwanese organizations and voices in international conversations about the future of democracy and the principles of freedom around the world, including Taiwanese voices in international platforms that may otherwise be denied to them. President Wilson said that they look forward to continuing to support international organizations, particularly American institutions such as the International Republican Institute and the National Democratic Institute, to open offices in Taiwan to thicken the bonds between our peoples. President Wilson said that they also look forward to supporting Taiwanese organizations that are able to help educate the world to understand influence operations and the authoritarian pressures that Taiwan not only faces, but free societies around the world face. This also includes partnering with Taiwanese organizations and entrepreneurs that are leveraging technology for democracy and freedom and ensuring that artificial intelligence can be used for good, he said, so that the stories of Taiwan or Tibet are not erased or censored, but are open to public knowledge. President Wilson concluded his remarks by stating that this is indeed his fourth visit as president of the NED and that he has visited Taiwan more than any other country in the world, a testament to their commitment to Taiwan’s freedom.
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2025-07-24
President Lai meets Somaliland Foreign Minister Abdirahman Dahir Adam  
On the morning of July 24, President Lai Ching-te met with a delegation led by Republic of Somaliland Minister of Foreign Affairs and International Cooperation Abdirahman Dahir Adam. In remarks, President Lai thanked the Somaliland government for its longstanding, staunch support for Taiwan-Somaliland relations. The president mentioned that this year marks the fifth anniversary of Taiwan and Somaliland’s mutual establishment of representative offices and that our exchanges in various areas have yielded significant results. He expressed hope for continuing to deepen our partnership, advancing our bilateral friendship and fruitful cooperation. A translation of President Lai’s remarks follows: I warmly welcome all of our guests to Taiwan. This is the first visit to Taiwan for Minister Adam, Minister Khadir Hussein Abdi, and Admiral Ahmed Hurre Hariye. I thank you for your high regard and support for Taiwan. I also very much appreciate that Lead Advisor Mohamed Omar Hagi Mohamoud, who served as representative of Somaliland to Taiwan during the past five years, continues deepening Taiwan-Somaliland ties in his new role. Somaliland is renowned as a beacon of democracy in the Horn of Africa. I want to once again congratulate Somaliland on successfully holding presidential and political party elections last November, which garnered praise from the international community. At that time, I appointed Deputy Minister of Foreign Affairs François Chihchung Wu (吳志中) to serve as special envoy and lead a delegation to attend the inauguration of President Abdirahman Mohamed Abdullahi, demonstrating that Taiwan would work closely with Somaliland’s new government to write a new chapter in our friendship. Recently, authoritarian regimes have continued to apply new forms of coercion as they intensify suppression of Taiwan’s and Somaliland’s international participation. In response, our two sides must continue to deepen our partnership and demonstrate the resilience of democratic alliances, as well as our staunch commitment to defending our values.  This year marks the fifth anniversary of Taiwan and Somaliland’s mutual establishment of representative offices. Through our joint efforts, we have continued to expand exchanges in various areas, yielding significant results. This afternoon, we will also sign an agreement on coast guard cooperation, launching bilateral cooperation in maritime affairs. Regarding President Abdullahi’s focus on maritime security, the blue economy, and other policy objectives, we can strengthen our bilateral partnership moving forward. In addition, we also hope to work together with like-minded countries such as the United States, and through trilateral or multilateral cooperation platforms, realize the strategic goal of a non-red Somaliland coastline. I want to thank the Somaliland government once more for its longstanding, staunch support for Taiwan-Somaliland relations. I look forward to working with all of you to continue to advance our bilateral friendship and fruitful cooperation. In closing, I once again welcome Minister Adam and the delegation. I have every confidence that, in addition to advancing bilateral cooperation, this trip will allow you to experience Taiwan’s natural beauty and diverse culture. Minister Adam then delivered remarks, thanking the government and people of Taiwan for the warm hospitality they have received since their arrival. He stated that Taiwan is a peaceful nation and that it shares with Somaliland the value of democracy. He stated that we also share the goal of obtaining recognition, so he is glad that the Taiwan-Somaliland relationship is growing by the day. Minister Adam pointed out that there is much pressure that we are both facing in our relationship, but he reassured President Lai that no amount of pressure can change Somaliland’s strong ties with Taiwan. He also thanked the Taiwan government for the help it has proffered to Somaliland, adding that our relationship will only get better. Minister Adam said that Taiwan and Somaliland can cooperate in many areas and that there is more opportunity in Somaliland than any other country, adding that Somaliland is open for investment from Taiwan. Noting that our countries can also collaborate in other areas such as education and maritime security, the minister said that he is glad they will be signing a cooperative agreement in maritime security with Taiwan. He then said he is looking forward to a better relationship in the future. The delegation was accompanied to the Presidential Office by Somaliland Representative to Taiwan Mahmoud Adam Jama Galaal.  
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2025-07-22
President Lai meets cross-party Irish Oireachtas delegation
On the morning of July 22, President Lai Ching-te met with a cross-party delegation from the Oireachtas (parliament) of Ireland. In remarks, President Lai stated that Taiwan and Ireland are both guardians of the values of freedom and democracy. He indicated that Taiwan will continue to take action and show the world that it is a trustworthy democratic partner that can contribute to the international community, saying that we look forward to building an even closer partnership with Ireland as we work together for the well-being of our peoples and for global democracy, peace, and prosperity. A translation of President Lai’s remarks follows: Deputy Speaker John McGuinness is a dear friend of Taiwan who also chairs the Ireland-Taiwan Parliamentary Friendship Association. Thanks to his efforts over the years, support for Taiwan has grown stronger in the Oireachtas. I thank him and all of our guests for traveling such a long way to demonstrate support for Taiwan and open more doors for exchanges and cooperation. Europe is Taiwan’s third largest trading partner and largest source of foreign investment. Ireland is a European stronghold for technology and innovative industries. Just like Taiwan, Ireland is an export-oriented economy. Our industrial structures are highly complementary. We hope that Taiwan’s electronics manufacturing and machinery industries can explore deeper cooperation with Ireland’s ICT software and biopharmaceutical fields, creating win-win outcomes. In May, the Irish government launched its National Semiconductor Strategy, outlining a vision to become a global semiconductor hub. Taiwan is home to the world’s most critical semiconductor ecosystem, and our own industrial development closely parallels that of Ireland. Moreover, we aspire to build non-red technological supply chains with democratic partners. I believe that going forward, Taiwan and Ireland can bolster collaboration so as to upgrade the competitiveness of our respective semiconductor industries. Together, we can help build a values-based economic system for democracies. I was delighted to receive congratulations from Deputy Speaker McGuinness on my election. Taiwan and Ireland are both guardians of the values of freedom and democracy. This visit from our guests further attests to our common beliefs. As authoritarianism continues to expand, Taiwan will continue to take action and show the world that it is a trustworthy democratic partner that can contribute to the international community. We look forward to building an even closer partnership with Ireland as we work together for the well-being of our peoples and for global democracy, peace, and prosperity. Deputy Speaker McGuinness then delivered remarks, stating that he has been to Taiwan on many occasions and that it is a great honor to join President Lai and his staff at the Presidential Office. He said that Ireland has continued to build its strong relationship with Taiwan based on our democratic values and the interests that we have in trade throughout the world, strengthening this relationship based on culture, education, and more. Noting that he served with many other diplomats from Taiwan, he said all had the same goal, which was to further the interests of the Ireland-Taiwan friendship and to ensure that it grows and prospers. The deputy speaker then extended to President Lai the delegation’s best wishes for his term in office, stating that they commit to the same values as the previous friendship groups that have been visiting Taiwan. He went on to say that some members of the group are newly elected, representing the next generation of the association, and that they are committed to working together with Taiwan to stand strong in the defense of democracy. Deputy Speaker McGuinness also noted that the father of Deputy Ken O’Flynn, one of the delegation members, played an important role as a former chairman of the association, remarking that it is good to see such continuity taking place. Deputy Speaker McGuiness said that he believes the world is facing huge challenges and uncertainty in terms of our markets and trade with one another. He said we have to watch for what the United States will do next and be conscious of what China is doing, emphasizing that the European Union stands strong in the center of this, while Ireland plays a huge role in the context of democracy, trade, and the betterment of all things for the citizens that they represent. The deputy speaker then stated that while we focus on the development of AI that is extremely important for all of us, we can work together to ensure that we control AI rather than AI controlling us. He also remarked that we cannot lose sight of our traditional trading means, saying that we have to keep all of our trade together, expand on that trade, and then take on the new technologies that come before us. Deputy Speaker McGuinness concluded his remarks by thanking President Lai for receiving the delegation, stating that they commit to their continuation of support for Taiwan and for democracy. Also in attendance were Deputies Malcolm Byrne and Barry Ward, and Senator Teresa Costello.
Details
2025-08-01
President Lai delivers remarks on US reciprocal tariff policy response
On the morning of August 1, President Lai Ching-te delivered remarks at the Presidential Office on the response to the reciprocal tariff policy of the United States. President Lai explained that technical consultations with the US are finished, but as the final concluding meeting has not yet taken place, 20 percent has been set for Taiwan as an interim tariff rate. The president said that Taiwan will work towards a more favorable and reasonable rate in the subsequent negotiations, and that the US has expressed its willingness to continue talks. He added that a support plan for Taiwan’s export supply chain in response to US tariffs has been proposed to assist small- and medium-sized enterprises (SMEs) in responding to the US tariff policy. A translation of President Lai’s remarks follows: Earlier today, the US government informed our lead negotiator, Vice Premier Cheng Li-chiun (鄭麗君), that an interim tariff rate for Taiwan has been set at 20 percent. Since April 2, when the US introduced its new tariff policy targeting countries worldwide, Taiwan has actively engaged in four in-person rounds of negotiation and multiple discussions over videoconference with the US government. Throughout the process, both sides have negotiated in good faith based on the shared goal of addressing the trade deficit between Taiwan and the US and creating complementary and mutually beneficial outcomes. Although we have achieved an interim reduction in the tariff rate from 32 percent to 20 percent at this point in the negotiations, 20 percent was never our goal. We hope to work towards a more favorable and reasonable rate for Taiwan in the subsequent negotiations, and the US has expressed its willingness to continue talks. We have finished technical consultations, but as the final concluding meeting has not yet taken place, a final tariff rate has not yet been reached. This is the reason for the setting of an interim tariff rate. I extend my sincere gratitude to Vice Premier Cheng and Minister without Portfolio of the Executive Yuan Yang Jen-ni (楊珍妮) for working tirelessly over the past few months leading the negotiation team, remaining on call whether in Taiwan or the US. From here in Taiwan I, along with Vice President Bi-khim Hsiao, National Security Council Secretary-General Joseph Wu (吳釗燮), Premier Cho Jung-tai (卓榮泰), and Secretary-General Pan Men-an (潘孟安), have also provided full support to our negotiating team in the US. Regardless of the final tariff rate, Taiwan’s industries will inevitably be impacted. I am deeply grateful to Premier Cho for proposing on April 4 a support plan for Taiwan’s export supply chain in response to US tariffs, and for holding over 20 industry consultation sessions. The special budget has also been increased from NT$88 billion to NT$93 billion. This special act has already been submitted to the Legislative Yuan and passed review. I hope that the Executive Yuan will promptly submit the budget request for legislative review so that the special budget can be implemented as soon as possible to assist SMEs in responding to this new US tariff policy.
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