By Yimou Lee and Wen-Yee Lee TAIPEI (Reuters) -Taiwan President Lai Ching-te said on Friday that the new 20% tariff rate set by the Trump administration on goods imported from the island is "temporary",

Taiwan vowed on Friday to seek a lower tariff after Donald Trump imposed a “temporary” 20 percent levy on its shipments to the United States as part of his trade war. The US president’s announcement was part of a sweep of measures — reaching 41 percent — against dozens of global partners as they scrambled for deals with Washington to avert the

"Once a final agreement is reached, the tariff rate is expected to be reduced further," according to a Facebook post from Lai Ching-te, reiterated in a cabinet statement. The comments follow U.S. President Donald Trump's executive order on Thursday imposing tariffs ranging from 10% to 41% on U.