US-Taiwan Trade Deal to See US$500 Billion Taiwan Investment, Tariffs Cut to 15%
Taiwan and the US have announced a trade deal that lowers Taiwan’s main tariff rate from 20% to 15% and ends tariff stacking, while setting zero tariffs on select products such as generic drugs, aircraft parts and natural resources. Taiwan pledged US$500 billion, split between private investment, including TSMC’s existing US$100 billion pledge, and government-backed credit to support more expansion in the US, along with support for industrial clusters similar to Taiwan’s science parks.
