US EditionTaiwan will invest $250 billion in U.S. chipmaking under new trade deal
- On Thursday, the United States cut tariffs on Taiwanese goods to 15%, while Taiwanese semiconductor and technology enterprises committed $250 billion in U.S. investments.
- Policy pressure from past tariff actions under President Donald Trump evolved from a 32% plan to 20%, while the U.S. government deployed hundreds of billions in subsidies for the semiconductor industry after COVID-19 supply shortages.
- The chipmaker pledged around $165 billion of investments in the U.S. and is accelerating construction of its Arizona plant, with revenue over $33 billion last quarter.
- Legal and diplomatic reactions include favorable tariff carve-outs for Taiwanese producers investing in the U.S., while Beijing called the pact `an economic plunder` and the U.S. Supreme Court weighs challenges from businesses and states.
- The U.S. Department of Commerce called it `a historic trade deal that will drive a massive reshoring of America’s semiconductor sector`, while the Taiwanese government commits $250 billion in government financing to support firms in U.S.-based industrial parks.
35 Articles
35 Articles
The Morning Call
US and Taiwan sign $250B trade deal, cutting tariffs on Taiwanese goods
The deal aims to establish a strategic economic partnership and boost U.S. industrial infrastructure.
US, Taiwan sign $250 bil. trade deal, cutting tariffs on Taiwanese goods
HONG KONG — The United States and Taiwan reached a trade deal Thursday that cuts tariffs on Taiwanese goods in exchange for $250 billion in new investments in the U.S. tech industry. The deal is the latest President Donald Trump has struck — such as those with the European Union and Japan — since he unveiled a sweeping tariff plan last April to address trade imbalances. Trump also has a one-year trade truce with China to stabilize ties with the …
Taiwan pledges $250 billion in US chipmaking trade deal
The United States and Taiwan on Thursday announced a comprehensive trade and investment agreement designed to trigger a revival of the U.S. semiconductor sector in the homeland. The deal, announced in a release by the Department of Commerce, establishes an economic partnership between the countries to strengthen domestic semiconductor supply chains through $500 billion in direct investment and credit guarantees. The centerpiece of the agreement…
This agreement provides, inter alia, for investments of "at least $250 billion" in the United States by Taiwanese semiconductor companies to develop production.
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