Taiwan set to avoid ‘punishing’ 300% tariffs on semiconductor exports, says report — new trade deal could spur $400 billion investment commitment from island nation

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Taiwan National Science and Technology Council Minister Wu Cheng-wen said that the U.S. is not pushing through with its threat of a 300% tariff on chips, at least for those coming from the island. According to the Financial Times, Taiwan is currently finalizing a trade deal with the U.S. while awaiting the results of the U.S. Department of Commerce’s Section 232 investigation. At the moment, U.S. President Donald Trump has applied a 20% tariff on Taiwanese goods, except for semiconductor…



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Taiwan set to avoid ‘punishing’ 300% tariffs on semiconductor exports, says report — new trade deal could spur $400 billion investment commitment from island nation


Taiwan National Science and Technology Council Minister Wu Cheng-wen said that the U.S. is not pushing through with its threat of a 300% tariff on chips, at least for those coming from the island. According to the Financial Times, Taiwan is currently finalizing a trade deal with the U.S. while awaiting the results of the U.S. Department of Commerce’s Section 232 investigation. At the moment, U.S. President Donald Trump has applied a 20% tariff on Taiwanese goods, except for semiconductor…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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