The United States and Taiwan have signed a trade deal under which the US will reduce tariffs on Taiwanese exports to 15%, while Taiwan will eliminate or reduce 99% of tariff barriers on US goods and provide preferential market access for US industrial and agricultural exports. Additionally, Taiwan has committed to purchasing over $84 billion in US goods, including energy and aviation products. This agreement supports the US’s America First trade policies, aiming to benefit domestic industries, and aligns with Taiwan’s strategy to secure reliable supply chains amid growing regional pressures.
US and Taiwan sign trade deal lowering tariffs and boosting purchases
