UPDATE 1-US, Taiwan finalize deal to cut tariffs, boost purchases of US goods
UPDATE 1-US, Taiwan finalize deal to cut tariffs, boost purchases of US goods is drawing significant interest across the industry.
The document released by the U.S. Trade Representative's office on Thursday also commits Taiwan to significantly boost purchases of U.S. goods from 2025 through 2029, including $44.4 billion of liquefied natural gas and crude oil, $15.2 billion of civil aircraft ?and engines, $25.2 billion of power grid equipment and generators, marine and steelmaking equipment. The agreement adds technical language and specific details to a trade ?framework deal first reached in January that cut tariffs on Taiwanese goods, including from its powerhouse semiconductor industries, to 15% from the 20% initially imposed by Trump.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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