TAIPEI (TVBS News) — Premier Cho Jung-tai (卓榮泰) announced on Monday (Feb. 23) that the recent U.S. Supreme Court decision will not alter the Taiwan-U.S. investment cooperation memorandum of understanding (MOU) or the most-favored-nation treatment under Section 232. Cho emphasized the importance of promptly confirming any subsequent legal avenues with the United States.
The U.S. Supreme Court ruled on Sunday (Feb. 22) that U.S. President Donald Trump could not use the International Emergency Economic Powers Act (IEEPA) as a legal basis for imposing tariffs. This decision has sparked concerns among Taiwan's traditional industries about potential impacts on the newly signed Agreement on Reciprocal Trade (ART).
Cho revealed that he chaired a seven-hour meeting on Saturday (Feb. 21), from 3 p.m. to 10 p.m., to gather international information and devise response strategies to address changes in Taiwan-U.S. tariff issues. The meeting aimed to ensure that Taiwan remains prepared to navigate the evolving trade landscape.
Cho also disclosed that Taiwan has already engaged with the U.S. to understand the implications of the court ruling. He mentioned that Taiwan might soon provide a more detailed explanation to the public, outlining necessary procedures and actions in response to the situation.