U.S. signs trade deal with Taiwan, lowering tariffs to 15%,
Asia: Business
U.S. signs trade deal with Taiwan, lowering tariffs to 15%, while Taipei to boost American goods purchases
Key Points
- The trade deal will see Washington lower tariffs on Taiwanese exports to 15%.
- In return, Taiwan will remove or reduce 99% of tariff barriers on U.S. goods, as well as providing “preferential market access” for U.S. industrial and agricultural exports.
- Taiwan has also committed to purchase over $84 billion of U.S. goods, including energy and aviation products
