The US has agreed to reduce tariffs on goods from Taiwan to 15% in exchange for a significant investment pledge aimed at boosting domestic semiconductor production. This move seeks to enhance US self-sufficiency in a critical industry previously affected by supply chain shortages.

• Taiwanese semiconductor and technology enterprises have committed to "new, direct investments" worth at least $250 billion (£187 billion) in the US.
• The deal provides carve-outs from tariffs for Taiwanese semiconductor companies that invest in the United States.
• The Commerce Department stated that the Taiwanese government will also provide an additional $250 billion in financing to support these firms.