US and Taiwan Finalize Trade Deal, Cut Tariffs
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Washington, The Trump administration signed a reciprocal trade agreement with Taiwan on Thursday that sets a 15% U.S. tariff rate on Taiwanese imports and commits Taiwan to reduce or eliminate tariffs on nearly all U.S. goods. The U.S. Trade Representative said Taiwan agreed to boost purchases of U.S. products from 2025 through 2029, including $44.4 billion of liquefied natural gas and crude oil, $15.2 billion of civil aircraft and engines, and $25.2 billion of power equipment and generators. The pact formalizes a framework announced in January and awaits Taiwan's legislature review. Based on 6 articles reviewed and supporting research sources.
More context
Timeline
- 1. January: Initial trade framework announced to lower tariffs between the U.S. and Taiwan.
- 2. First 11 months of 2025: U.S.-Taiwan trade gap reached nearly $127 billion (Census Bureau).
- 3. Feb 12–13: USTR released final reciprocal agreement confirming a 15% U.S. tariff and Taiwan commitments.
- 4. Agreement commits Taiwan to multiyear purchases of specified U.S. goods for 2025–2029.
- 5. The pact was signed under AIT/Taipei representative offices and now awaits Taiwan legislature review.
Sources
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