In response to potential new tariffs from the United States, Taiwan is strategizing to increase energy imports while also reducing its own tariffs to maintain trade balance.

Cynthia Kiang, Taiwan's deputy economy minister, revealed that a trade task force is working on plans to enhance energy cooperation with the U.S. by boosting energy imports.

The anticipated tariffs from the U.S. are set to be announced on April 2, 2025.

The Trump administration is targeting tariffs against 15 countries with significant trade surpluses, including Taiwan, China, South Korea, and the European Union.

Taiwan's central bank defended its trade and currency practices, asserting that the high current account surplus is a structural issue recognized by Washington.

Finance Minister Chuang Tsui-yun announced plans to reduce import tariffs on health supplements and other products as part of Taiwan's response.

In light of Trump's proposed 25% tariff on auto imports, Kiang indicated that plans to reduce car tariffs are already in place.

Taiwan's trade surplus with the U.S. surged by 83% last year, with exports hitting a record $111.4 billion, driven largely by high semiconductor demand.

To bolster energy security, CPC Corp, Taiwan's state energy firm, has signed an agreement with Alaska Gasline Development Corp for liquefied natural gas purchases, as stated by President Lai Ching-te.