US lowers Taiwan tariff to 15%, Cabinet confirmsStaff writer, with CNAWashington has agreed to lower tariffs on Taiwanese goods from 20 percent to 15 percent, without stacking them on existing most-favored-nation rates, after concluding trade negotiations with Taiwan yesterday, the Executive Yuan said this morning. The agreement also grants semiconductors and related products the most favorable treatment under Section 232 of the Trade Expansion Act and includes commitments to expand supply chain investment cooperation and deepen Taiwan-US strategic collaboration on artificial intelligence, the Cabinet said. The US and Taiwan national flags fly in an undated photograph. Photo: AFPThe new tariff rate of 15 percent matches US rates on goods from major trade partners such as Japan, South Korea and the EU.
