US, Taiwan Clinch Deal to Cut Tariffs, Boost Chip Investment

The US and Taiwan agreed to a trade pact that would lower tariffs on goods from Taiwan to 15% and see Taiwanese semiconductor companies increase financing for American operations.

Taiwan's technology industry would commit to making at least $250 billion in direct investments to expand advanced semiconductor, energy and artificial intelligence operations in the US.

The deal would also provide an additional $250 billion in credit guarantees for further investment in the American semiconductor supply chain and cap sector-specific US tariffs on certain products from Taiwan at 15%.

----------
Like this video? Subscribe https://www.youtube.com/@Bloomberg-News

Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more.
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals

Bloomberg on YouTube:
https://www.youtube.com/@business
https://www.youtube.com/@markets
https://www.youtube.com/@BloombergTechnology
https://www.youtube.com/@BloombergPodcasts

Connect with us on social:
https://www.instagram.com/bloombergbusiness
https://www.linkedin.com/company/bloomberg-news
https://www.tiktok.com/@bloombergbusiness
https://www.facebook.com/bloombergbusiness

Видео US, Taiwan Clinch Deal to Cut Tariffs, Boost Chip Investment канала Bloomberg News