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
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