WASHINGTON/TAIPEI (Feb 12): Trump administration officials signed a final reciprocal trade agreement that confirmed a 15% US tariff rate for imports from Taiwan, while committing Taiwan to a schedule for eliminating or lowering tariffs on nearly all US goods. The agreement adds technical language and specific details to a trade framework deal first reached in January that cut tariffs on Taiwanese goods, including from its powerhouse semiconductor industries, to 15% from the 20% initially imposed by Trump. The deal will immediately eliminate Taiwan's tariffs of up to 26% on many US agricultural imports, including beef, dairy and corn. But some tariffs, including the current 40% tariff on pork belly and 32% on ham, will only fall to 10%, according to the tariff schedule. The US said that under the deal, Taiwan will remove non-tariff barriers on motor vehicles and accept US auto safety standards, as well as those on medical devices and pharmaceuticals.

Source: The Edge Markets February 13, 2026 02:57 UTC