TAIPEI: Taiwan state-backed our bodies might over the following decade purchase an additional US$200 billion from the US and bump up the share of LNG it will get from the nation by one-third to assist slim the commerce deficit, the financial system minister mentioned on Thursday (Apr 10).
Taiwan President Lai Ching-te on Sunday pledged to search a zero tariff regime with the US and purchase extra from and make investments extra within the nation, and mentioned that Taipei wouldn’t retaliate in response to US tariffs – now placed on pause by President Donald Trump.
Taiwan had been because of be hit with a 32 per cent tariff, sending its inventory market plummeting, although the important thing semiconductor business was excluded.
Taking lawmakers’ questions in parliament in regards to the authorities’s response to the tariffs, Financial system Minister Kuo Jyh-huei mentioned the plan being mentioned was some US$200 billion in additional purchases over the approaching decade by the federal government and state-run corporations.
That doesn’t embody purchases by personal corporations, he added.
Requested about elevating the proportion of Taiwan’s imports of liquefied pure fuel (LNG) from the US from 10 per cent to 30 per cent of the full, Kuo mentioned that was the “route” being eyed.
Most of Taiwan’s LNG now comes from Australia and Qatar.
Talking to reporters at parliament, Taiwan International Minister Lin Chia-lung mentioned there was now respiration room to have extra detailed and in-depth talks with the US.
“We hope to benefit from the large US market, their wonderful expertise capital and expertise, to kind a Taiwan-US coalition, a joint fleet strategy,” he added.
