US-Taiwan Trade Pact: Lower Tariffs, Boosted Investment, Stronger Supply Chains

• The US and Taiwan signed a trade deal to lower US tariffs on Taiwanese goods from 20% to 15%.
• Taiwan committed to significant spending on American products, including $44.4 billion in LNG and crude oil, $15.2 billion in civil aircraft, and $25.2 billion in power equipment.
• The pact aims to eliminate tariff and non-tariff barriers for US exports to Taiwan and enhance supply chain resilience, especially in high-tech sectors.
• US Trade Representative Jamieson Greer stated the agreement builds on the longstanding economic relationship and will strengthen trade.
• Taiwan will also reduce most tariff barriers and provide preferential market access for US industrial and agriculture exports.