Interim tariffs rate is lower than the originalIt is also much lower than that of several other major trading partners with ongoing negotiationsWe can interpret Taiwan’s offer as being well received and being close to final agreement
For some context, Taiwan earlier confirmed that they will be hit with a 20% “temporary” tariffs as they are entering into the “final stage” of negotiations with the US. If and when a formal agreement is struck, this rate will be lowered further accordingly.
This article was written by Justin Low at investinglive.com.