Taiwan Seeks U.S. Assurance Over Tariff Agreement

Taiwan’s Vice-Premier Cheng Li-chiun said on February 24, 2026 that Taipei is urgently seeking U.S. assurances that the Agreement on Reciprocal Trade (ART) — which cuts tariffs on Taiwanese exports from 20% to 15% and anchors US$250 billion of Taiwanese investment plus US$250 billion in Taiwanese-guaranteed credit — will remain intact despite a U.S. Supreme Court ruling. The ruling invalidated broad emergency tariff powers and prompted a temporary 15% global tariff by the Trump administration, heightening uncertainty for exporters and investors.