US, Taiwan near deal to lower tariffs, boost TSMC investment: reportBy Sam Garcia / Staff writer, with CNAThe US and Taiwan have reached a broad consensus on their trade deal and further details would be announced after a final wrap-up meeting, the Executive Yuan’s Office of Trade Negotiations said today. The New York Times yesterday reported that the two nations are nearing a trade deal to reduce Taiwan’s tariff rate to 15 percent and commit Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to building at least five more facilities in the US. Taiwan and the US are scheduling a final wrap-up meeting, after which they would publicly announce the details of the deal, the office said. Taiwan earlier concluded trade discussions with the Office of the US Trade Representative, then continued to discuss Section 232 tariffs and TSMC’s investment plans with the US Department of Commerce, the New York Times said. Officials in US President Donald Trump’s administration have said companies that invest in the US would not be subject to Section 232 tariffs, but it is unclear exactly how the arrangement would work, it said.

Source: Taipei Times January 13, 2026 09:04 UTC