The Taiwan-US Agreement on Reciprocal Trade confirms a 15 percent US tariff for Taiwanese goods, and grants Taiwanese semiconductors and related products the most-favorable-treatment under Section 232 of the Trade Expansion Act, the Executive Yuan said. The trade agreement also covers industrial goods, removing all tariffs on US-made cars imported to Taiwan, but maintaining the rate on trucks. The Office of the US Trade Representative said the agreement would eliminate or reduce 99 percent of tariff barriers for US industrial and agricultural goods exported to Taiwan. US Trade Representative Jamieson Greer and US Secretary of Commerce Howard Lutnick attended the signing of the agreement, which occurred under the auspices of the American Institute in Taiwan, and the Taipei Economic and Cultural Representative Office in the US. At a news conference in Washington after the signing ceremony, Cheng, who led Taiwan’s trade negotiation team, said the agreement was “a milestone” for bilateral cooperation in trade, investment and technology.

Source: Taipei Times February 13, 2026 17:13 UTC