US Edition
Trump administration reaches a trade deal to lower Taiwan’s tariff barriers
Taiwan commits $250 billion in investments to U.S. industries including semiconductors and energy while tariffs on Taiwanese imports drop to 15%, matching major U.S. trade partners.
- On Feb. 13, Taiwan and the United States signed a reciprocal trade agreement in Washington, capping U.S. tariffs on Taiwanese goods at 15%, signed by Alexander Yui and Ingrid Larson.
- Taiwan pledged $250 billion in corporate investment, including $100 billion by Taiwan Semiconductor Manufacturing Corp., plus $250 billion in government credit guarantees, enabling a tariff cut from 32% to 15%.
- Vice Premier Cheng said Taiwan secured `Most Favored Nation` tariff treatment and reduced the average levy from 15% to 12.33%.
- The U.S. Trade Representative said the deal will 'significantly enhance the resilience of our supply chains, particularly in high-technology sectors,' as Taiwan commits to US$44.4 billion in energy, US$15.2 billion in aircraft, and US$25.2 billion in power equipment purchases through 2029.
- The pact must still clear Taiwan's Legislative Yuan, where opposition Kuomintang criticized opaque talks and food-safety risks, while the deal deepens U.S.-Taiwan ties ahead of President Donald Trump's April trip to China.
133 Articles
133 Articles
US Inks Trade Deal with Taiwan
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. The United States has inked a trade deal with Taiwan that will significantly lower tariffs on American goods. Some shit you should know before you dig in: If you’re unaware, tra…
The United States and Taiwan signed a reciprocal trade agreement on Thursday (February 12). The United States will reduce tariffs on products imported from Taiwan to 15%, while Taiwan will eliminate or reduce 99% of its tariff barriers to the United States and plans to increase long-term purchases of U.S. products.
US, Taiwan Reach Trade Deal to Cut Tariffs, Boost Purchases of US Goods
TAIPEI, Taiwan—The United States and Taiwan signed a reciprocal trade agreement on Feb. 12, setting a 15 percent U.S. tariff on Taiwanese imports, while granting preferential access to Taiwan’s market for American industrial and agricultural goods, including beef, dairy, pork, wheat, and automobiles. U.S. Trade Representative Jamieson Greer said in a statement that the signing will expand export opportunities to Taiwan for American farmers, ranc…
Taiwan and the United States signed a trade deal on Thursday after months of negotiations that caps tariffs on Taiwanese goods at 15 percent. It also includes expanding partnerships in high-tech, German news agency dpa reported. The deal still needs to be ratified by Taiwan's parliament.
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