US, Taiwan Ink $250 Billion Trade Deal, Slash Tariffs on Taiwanese Goods

• The US and Taiwan signed a $250 billion trade deal, reducing tariffs on Taiwanese goods in exchange for US tech industry investments.
• The agreement lowers the tariff rate on Taiwanese goods to 15%, aligning it with other Asia-Pacific trading partners.
• The deal aims to establish US-based industrial parks to boost domestic production and reshore America's semiconductor sector.
• Taiwanese companies, led by TSMC, will invest $250 billion in semiconductors, AI, and energy in the US.
• TSMC, the world's largest chipmaker, announced a significant increase in capital spending due to the AI boom, with plans for new plants in Arizona.

Why It Matters: US and Taiwan finalize a major trade deal, boosting US tech investment and Taiwan's global competitiveness.