The US and Taiwan Complete Major Investment and Tariff Deal
The U.S. and Taiwan have inked a major trade agreement centered on semiconductor products. Under the deal, import tariffs for exports entering the United States have been revised and significant investments from Taiwan will be channeled into chip manufacturing in the U.S. The U.S. has lauded this deal as something that will boost semiconductor manufacturing on U.S. soil while also ensuring that critical supply chains are protected. The deal lowers tariffs on Taiwanese semiconductor products from the current 20% to a lower level of 15%, which aligns with the rates being levied on other exports originating from the Asian region.…