Taiwan says that tariff negotiations with US are still ongoing

Taiwan says that tariff negotiations with US are still ongoing

• Trade talks are still continuing for many countries even past the 1 August deadline

As a reminder, Taiwan was slapped with 20% tariffs in the latest twist to the tariffs saga. But they are reaffirming that negotiations are still ongoing, with the goal being to "seek a better and more reasonable tariff rate".

It's the same case for many countries, even those that have reportedly struck a "deal" with the US before the 1 August deadline. These deals seem to be framework agreements at best as is the case for the EU, UK, Japan, and also China to some degree. They are mainly just a pact to deal temporarily with lower tariffs while supposedly trying to negotiate for better terms.