Is there a limited character set for European loanwords? In Japanese, there's a set of 48 characters called katakana that is often used for transliterating words of European origin. (This is a slight simplification - katakana is used for other purposes as well, and there's some European words that don't use katakana)

Is there a subset of characters in Chinese (especially traditional Chinese, as I'm planning to go to Taiwan) that's used for transliterating words of European origin?
There're no such character set like Japanese katakana.
kana is a kind of phonography, but in Chinese only select similarly pronounced Hanzi(汉字) to transliterate loanword. Such as 沙发(sofa).

Of course there're some commonly used idiom for special English pronunciation.