Taiwan to Buy 32% More U.S. Goods

The President of Taiwan has pledged to purchase more American goods, including natural gas and oil, as the self-governing island looks for closer relations with the U.S.  Other purchases from the U.S. could include weapons and agricultural goods.  Taiwan said its goal is to create more balanced bilateral trade with the U.S. and also boost its energy autonomy and resilience.

Representative Bruce Westerman is chair of the House Natural Resources Committee and told Taiwanese officials that the U.S. produces a lot of food and fiber and is always looking for more friends to share that with.  But the AP says America buys far more from Taiwan and had a trade deficit of $116.3 billion in 2024.

A 32% tariff proposed by the Trump Administration is on hold at this time apart from a 10%  baseline duty.

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