Trump admin signs trade deal to lower Taiwan’s tariff barriers
AI Summary
In late 2025, the Trump administration and Taiwan signed a trade agreement aimed at reducing Taiwan's tariff barriers. Under the deal, Taiwan will eliminate or lower tariffs on 99% of its goods. The agreement, facilitated by the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States, sets Taiwan's export tax rate to the US at 15% or the "Most Favoured Nation" rate. The US remains reliant on Taiwan for computer chip production, contributing to a significant trade imbalance. The signing, attended by officials from both sides, precedes President Trump's planned visit to China in April, signaling a potential strengthening of US-Taiwan economic ties.
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