U.S. and Taiwan Slash Chip Tariffs to 15%, Ease Financing

The United States and Taiwan have finalized a trade deal that dramatically cuts tariffs on semiconductors. The agreement reduces duties from 25% to 15%. The deal also makes it easier for Taiwanese chip firms to secure financing for operations in the U.S. This move aims to strengthen the semiconductor supply chain between the two partners. Taiwan produces most of the world's advanced semiconductor chips. These tiny components are essential for everything from smartphones to cars and military equipment. The agreement is seen as a step to deepen economic ties. It follows broader U.S. efforts to boost domestic chip manufacturing and secure access to these critical technologies.