20% U.S. tariff rate was never Taiwan's goal: President Lai

President Lai Ching-te said Friday that the 20 percent tariff rate announced earlier by Washington was “never the level Taiwan sought,” and expressed hope that upcoming talks would secure a “more favorable and reasonable rate.” Lai said the tariff is being treated as tentative, as the technical aspects of the negotiations have been completed but the final meeting has yet to take place and the rate is not yet set.