Taiwan may cut its U.S. trade imbalance.
A senior government official of Taiwan, who declined to be identified, said his nation will trim $2 billion off its $13-billion trade surplus next year by lowering import tariffs and buying more U.S. goods. The official said it will send “buy American†missions to the United States to purchase machinery, raw materials, power generators and grain. It will also import U.S. cigarettes, beer and wine starting next month and Alaskan crude oil next July.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
