US to cut tariffs on Taiwanese goods after investment pledge
JAN 16 - The US said it had agreed to cut the tariffs it charges on goods from Taiwan to 15%, in exchange for hundreds of billions of dollars in Kenya breaking news | Kenya news today |..
✨ Key Highlights
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.
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US and Canada Adjust Tariffs with Taiwan and China; India Invests in Rare Earths - January 2026
Several nations are making strategic policy changes regarding trade and critical industries. China and Canada have announced significant tariffs relief following a meeting between Chinese leader Xi Jinping and Canadian Prime Minister Mark Carney. In a separate policy move, 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. Meanwhile, India has approved a 73-billion-rupee ($800m) plan to produce rare earth magnets. This initiative aims to reduce India's dependence on China, which currently controls over 90% of global rare earth processing, and achieve self-reliance in a component crucial for electric vehicles and smartphones.
