TAIPEI, March 31 (Reuters) - Taiwan President Lai
Ching-te met senior officials on Sunday night to discuss the
possible impact of U.S. tariffs and receive an update on
contingency plans, his office said on Monday.
Trump administration officials, including Treasury Secretary
Scott Bessent, have said that much of the reciprocal U.S. tariff
focus will be on 15 countries that have the highest trade
surpluses with the United States.
Bessent has referred to the countries as the "Dirty 15" but
has not named them. According to U.S. Census Bureau data, Taiwan
is one of the 15, along with countries such as China and South
Korea plus the European Union. The tariffs are due to be
announced on April 2.
Taiwan's presidential office said that Lai had met with
Premier Cho Jung-tai and other members of a working group on
Taiwan-U.S. trade at Lai's official residence on the latest
situation, the government's assessment and preparation of
various contingency plans.
The official reported on different scenarios for the tariffs
the United States is about to introduce, "simulated and
estimated the possible impact, and prepared contingency plans",
Lai's spokesperson Karen Kuo said in a statement.
Lai asked Cho and National Security Council
Secretary-General Joseph Wu to make the best possible responses
to ensure Taiwan's interests and economic and financial
stability, as well as to provide strong support and assistance
to industries that may be affected, Kuo added.
Taiwan runs a large trade surplus with the United States,
which surged 83% last year, with the island's exports to the
U.S. hitting a record $111.4 billion, driven by demand for
high-tech products such as semiconductors, a sector Taiwan
dominates.
Taiwan's benchmark stock index dropped more than 2%
on Monday morning on fears about the upcoming tariffs.
Trump said on Sunday that reciprocal tariffs he is set to
announce this week will include all nations, not just a smaller
group of 10 to 15 countries with the biggest trade imbalances.