Welcome to Taiwan Tariff News and Tracker, bringing you the latest developments on tariffs, trade, and U.S.–Taiwan relations under the Trump administration.
Over the past week, trade headlines have been dominated by President Donald Trump’s ongoing tariff strategy and its impact on Asia, with particular attention to Taiwan. On November 2, President Trump emphasized aboard Air Force One that tariffs remain a cornerstone of U.S. national security, stating “if we don’t have tariffs, we don’t have national security.” He also linked the Supreme Court’s upcoming tariff case directly to America’s economic and military strength according to CBS’s “60 Minutes” interview and coverage by ABC News.
Tariff rates continue to be a pivotal issue. The White House recently announced that the overall U.S. tariff rate on Chinese imports will drop from about 57% to 47% following talks with Chinese President Xi Jinping last Thursday in South Korea. Compared to the spring’s spike that reached a peak of 135%—termed “Liberation Day”—this reduction is substantial but still far higher than the tariff levels seen at the end of Trump’s first term in 2021. According to reporting from dominotheory.com, this “Busan agreement” resets U.S.–China relations after months of tension, but maintains an elevated tariff environment that shapes the trade landscape for American and Taiwanese businesses.
Despite the focus on trade, the issue of Taiwan’s security remains deeply intertwined with these economic policies. Both CBS and ABC News report that President Trump received clear assurances from China’s Xi that Beijing would not take action regarding Taiwan while Trump remains in office. Trump highlighted, “He has openly said...‘We would never do anything while President Trump is president,’ because they know the consequences.” While Trump did not elaborate on what those consequences might be, this public deterrence has been widely noted by global analysts. Treasury Secretary Scott Bessent also commented that the U.S. is ready to raise tariffs further should China fail to honor its commitment to lift restrictions on rare earth exports that might impact Taiwan and U.S. industries.
Looking ahead, the Supreme Court is set to rule on limits to presidential tariff power, which could reshape future policy tools for Trump and his successors. As reported by Euronews, the case may challenge Trump’s unprecedented approach, but the administration remains confident that current tariffs will stay in place.
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