• Interim tariffs rate is lower than the original
  • It is also much lower than that of several other major trading partners with ongoing negotiations
  • We can interpret Taiwan's offer as being well received and being close to final agreement

For some context, Taiwan earlier confirmed that they will be hit with a 20% "temporary" tariffs as they are entering into the "final stage" of negotiations with the US. If and when a formal agreement is struck, this rate will be lowered further accordingly.

Source: Forex Live