Taipei has struck two deals with the White House to lower tariffs on Taiwanese goods to 15 percent from 20 percent. Photo: CNAUnder last month’s agreement, Taiwan companies are to invest US$250 billion to boost production of semiconductors, energy and artificial intelligence in the US, while Taiwan would also guarantee an additional US$250 billion in credit to facilitate further investment. The deal with the US includes 2,072 types of tariff-exempt goods for Taiwan, Cheng said. Should the US apply Section 122 measures on Taiwan, it would negatively affect GDP, total export volume and employment, she said. Taiwan’s auto parts exports should not be affected, as they are protected by last month’s deal under Section 232 of the Trade Expansion Act, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said.

Source: Taipei Times February 24, 2026 17:13 UTC