U.S. and Taiwan allegedly agree on customs duties matter, as per Taiwanese assertion
U.S. Negotiates Tariff Agreements with Major Trading Partners Amid Threat of Reciprocal Tariffs
The United States is currently engaged in bilateral tariff negotiations with several significant trading partners, including Taiwan, South Korea, Brazil, and the European Union, in response to substantial reciprocal tariffs announced by President Trump in 2025.
Taiwan
Following multiple rounds of talks, technical negotiations between the U.S. and Taiwan have been completed. Both sides have reportedly reached a certain degree of consensus on tariffs, non-tariff barriers, trade facilitation, supply chain resilience, and economic security issues. The U.S. had initially threatened a 32% reciprocal tariff on Taiwanese products effective August 1, 2025, but final talks may mitigate or delay this. Taiwan is now working on a joint statement with the U.S. to formalize their bilateral trade deal.
South Korea
While specific details about South Korea's situation were not found, it is implied that South Korea is among countries facing tariffs under the U.S.’s 2025 tariff policy, which imposes baseline and higher country-specific reciprocal tariffs based on bilateral trade deficits. Further negotiation details were not available in the current data.
Brazil
Brazil is assigned a 50% reciprocal tariff rate by the U.S., which is higher than many other countries. This elevated tariff reflects not only trade barriers but also political concerns linked to Brazil’s former President Jair Bolsonaro. No bilateral agreement details are available yet, indicating ongoing or pending negotiations.
European Union (EU)
The EU is not explicitly mentioned in the provided search results, but given its significance as a trading partner, it is presumably affected by the U.S.’s global reciprocal tariffs framework introduced in 2025. Specific tariff rates or agreements with the EU were not detailed.
Background on U.S. Reciprocal Tariffs Policy (2025)
In 2025, the Trump administration imposed a 10% baseline tariff on imports from nearly all countries, with higher tariffs applied based on bilateral trade deficits. These tariffs were introduced under the International Emergency Economic Powers Act. Initial country-specific tariffs were paused starting April 9, 2025, then extended to August 1, 2025, to allow time for negotiations and finalizing deals. Absent agreements by August 1, the specified tariffs will take effect.
Summary Table
| Trading Partner | Proposed Reciprocal Tariff Rate | Current Negotiation Status | Notes | |------------------|--------------------------------|--------------------------------------|------------------------------------------| | Taiwan | 32% | Technical negotiations completed; joint statement drafting | Consensus reached on key issues | | South Korea | Not specified | Ongoing/unspecified | Included in global tariff framework | | Brazil | 50% | No finalized deal reported | Rate influenced by political concerns | | European Union | Not specified | Not detailed in results | Assumed subject to baseline/global tariffs |
- The government of the United States is currently negotiating tariff agreements with Taiwan, South Korea, Brazil, and the European Union in the realm of finance and politics, as part of the general-news topic surrounding the 2025 reciprocal tariffs by President Trump.
- Despite not having specific details released, the finance industry ought to keep an eye on South Korea, as it falls within the scope of countries facing tariffs under the U.S.’s 2025 tariff policy. In the meantime, ongoing or pending negotiations remain underway.
