Radio Taiwan International
Date: 2018-03-29

Premier William Lai said the increasing tensions in US-China trade could affect the global

economy and financial markets. At the legislature on Thursday, the National Development Association reported on how Taiwan can respond to tensions in US-China trade.

Premier Lai has asked officials to negotiate with the US on behalf of Taiwan’s interests. Cabinet spokesperson Hsu Kuo-yung explains.

“We are asking the economics ministry to help the industry clarify which steel and aluminum businesses are linked to China. We are asking Minister without Portfolio John Deng, Executive Yuan trade negotations office and the economics ministry to continue to negotiate with the US. They should go to the US to ask to be exempted from additional tariffs so that our nation’s economic interests can be protected,” said Hsu.

The premier has also asked relevant government ministries to help businesses upgrade technology, innovation, production of key parts and protect their intellectual property.
[SOURCE]