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Taiwan agrees to remove or reduce 99% of its tariff barriers on US goods.
The US and Taiwan agreed to a 15% tariff on most Taiwanese exports to the US.
KEY POINTS
- Taiwan will remove or reduce 99% of its tariff barriers for US goods, expanding access for American industries.
- Taiwan pledged $250 billion in investments and up to $250 billion in credit guarantees for US expansion.
- TSMC committed $165 billion to US projects, taking a central role in semiconductor manufacturing expansion.
- Taiwan may receive preferential treatment in the US Section 232 semiconductor import investigation under this agreement.
COMPANIES
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