U.S. and Taiwan Finalize Reciprocal Trade Deal With 15% U.S. Tariff

Overview

• Taiwan will eliminate or cut tariffs on nearly all U.S. goods, with many agricultural duties scrapped immediately and some high pork tariffs reduced to 10%.
• Purchase commitments set for 2025–2029 include $44.4 billion in U.S. LNG and crude, $15.2 billion in civil aircraft and engines, and $25.2 billion in grid and generation equipment, plus maritime and steel items.
• The 15% U.S. tariff applies to Taiwanese imports including semiconductors, aligning Taiwan’s treatment with South Korea and Japan.
• Taiwan agreed to remove non‑tariff barriers and accept U.S. standards for automotive safety, medical devices, and pharmaceuticals.
• The final text omits the large investment figures cited in January but promises to facilitate new greenfield and brownfield projects, and implementation depends on a vote in Taiwan’s opposition‑led parliament.