The Taiwanese leader canceled U.S. transit visits after being urged to change his plans, two officials said. Washington has been in talks with Beijing over trade and a possible summit.

President Trump’s announcement on Thursday of a new tariff rate of 20 percent on Taiwan’s exports to the United States comes when ties between Taipei and Washington are already particularly strained.

The United States has imposed a 20% tariff on most goods from Taiwan, effective next week. The rate is lower than the 32% announced in April but remains higher than the 15% set for Japan and South Korea.

U.S. President Donald Trump's latest wave of tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan, sent global stock markets down on Friday as countries pushed for talks to clinch better deals.

Trump says India will pay a tariff of at least 25% India also faces penalty for buying energy from Russia Trump says US and India are still in trade talks US is unveiling trade deals ahead of Aug. 1 tariff hikes Today’s tariffs on India follow a series of trade moves Trump has taken against both the US allies and rivals.

Revised rates take effect August 7, with the steepest US duties since the 1930s targeting trade-surplus nations.

The United States has agreed a trade deal with South Korea that will subject South Korean imports to a 15% tariff rate, President Donald Trump said on Wednesday. South Korea will also invest $350 billion in the United States and purchase $100 billion in U.