Tariff Reductions in US-Taiwan Trade Agreement, Taiwan's Semiconductor Industry Increases Investment in the US

The US and Taiwan have reached a trade agreement, under which tariffs on goods exported from Taiwan to the US will be reduced from 20% to 15%, matching the tariff rates the US previously reached with Japan and South Korea. At the same time, Taiwanese semiconductor companies will invest an additional $50 billion in the US, including at least $25 billion in direct investment and $25 billion in credit guarantees, to expand their advanced semiconductor, energy, and artificial intelligence businesses in the US.

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Original article: toutiao.com/article/1854447987630090/

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