American tariffs on Taiwanese products have been reduced from 20% to 15%
The U.S. Department of Commerce announced on January 16 that the U.S. and Taiwan have reached a trade agreement, reducing tariffs on Taiwanese goods from 20% to 15%, aligning with Japan, South Korea, and the EU.
The U.S. Department of Commerce stated that this trade agreement will promote the large-scale return of the U.S. semiconductor industry, enhance the resilience of the U.S. economy, create high-paying jobs, and strengthen national security. The agreement establishes a U.S.-Taiwan strategic economic partnership aimed at effectively strengthening the domestic semiconductor supply chain in the United States and ensuring the U.S. leadership in technology and industrial sectors.
Under the agreement, Taiwanese semiconductor and technology companies will make new direct investments of at least $250 billion in the United States to establish and expand advanced semiconductor, energy, and artificial intelligence production and innovation capabilities. In addition, the U.S. will provide $250 billion in credit guarantees to Taiwanese companies to promote additional investments by Taiwanese companies in the United States, supporting the establishment and expansion of a complete semiconductor supply chain and ecosystem in the United States.
The U.S. Department of Commerce said that Taiwan will facilitate investment by U.S. companies in the semiconductor, artificial intelligence, defense technology, telecommunications, and biotechnology industries in Taiwan, expanding market access for U.S. companies, deepening technological cooperation, and reinforcing the U.S. leadership in key and emerging industries.
Additionally, the total rate of reciprocal tariffs on goods from Taiwan will not exceed 15%, and the total rate of Section 232 tariffs on automotive parts, wood, lumber, and wood-derived products from Taiwan will not exceed 15%. Generic drugs, generic drug ingredients, aircraft parts, and natural resources that the U.S. cannot obtain will be subject to zero tariffs.
The Taiwan administration announced on its official website that it has achieved a reciprocal tariff reduction to 15%, without叠加 the original MFN rate, obtaining the "most favored treatment" among major deficit economies in the U.S., aligning with Japan, South Korea, and the EU.
U.S. Commerce Secretary Rutenberg told CNBC in an interview: "Our goal is to bring 40% of the capacity in the Taiwan semiconductor supply chain into the U.S." He emphasized that the semiconductor issue concerns national security. "We need these chips, and they must be manufactured in the U.S. We cannot rely on a place 15,000 kilometers away to provide essential products for U.S. national security."
Last April, Trump announced that he would impose "reciprocal measures" on all products exported to the U.S. That same month, U.S.-Taiwan trade negotiations began. At that time, the Trump administration had threatened to impose tariffs of up to 32% on products exported from Taiwan, which were later reduced to 20%.
Original: toutiao.com/article/1854439890480192/
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