U.S. partnership is a driver of shared economic prosperity and central to supply chain security and stability in the region, the American Chamber of Commerce in Taiwan said on Thursday after U.S. tariffs were announced.

President Donald Trump announced reciprocal tariffs and a 25% tariff on car imports on his much-anticipated "Liberation Day" tariff rollout.

Trump said the import tariff rate for Taiwan will be set at 32%. That is bad news for American chip makers like Nvidia, Advanced Micro Devices, and Qualcomm, which are customers of Taiwan Semiconductor Manufacturing Co.

In addition to facing new tariffs and landing at the top of President Trump's list of "bad actors" in his tariff announcement, China has another reason to be angry: Taiwan was listed as a country. Even before Beijing has officially weighed in on the 34% tariff announced by Trump,

Trump presented a large chart listing the specific tariff levels for certain countries, which can be seen below. These include a 34% tariff on goods from China, 46% on those from Vietnam, and 64% on those from Taiwan.

President Trump held up a chart in the Rose Garden outlining some of the larger tariff rates he will charge some nations. China will be charged a 34% tariff, the chart said, the European Union will get a 20% levy,

The barges, which link up to form a bridge, could give China a way to land large numbers of vehicles and troops on Taiwan, solving a major logistical problem.

China's launches drills around Taiwan to "severely punish" the island's pro-independence leader, as the U.S. boosts its war footing in Japan to deter Chinese "aggression."