US and Taiwan Sign Deal to Cut Tariffs, Boost Trade

The United States and Taiwan have signed a trade agreement to reduce US tariffs on Taiwanese goods and increase Taiwan’s purchases of American products.

The deal, announced Thursday, confirms an earlier agreement from January to cut US tariffs on many Taiwanese exports from 20% to 15%. It also aims to boost investment in the US tech industry.

US Trade Representative Jamieson Greer said the pact "will eliminate tariff and non-tariff barriers facing US exports to Taiwan" and strengthen supply chains, particularly in high-technology sectors.

Taiwanese Vice Premier Cheng Li-chiun said the deal gives Taiwan a "fair footing to compete with our rivals" and closes gaps left by previous free trade agreements. He added that Taiwan secured “Most Favored Nation” tariff treatment, reducing the average US tariff on Taiwanese exports from 15% to 12.33%.

Under the agreement, Taiwan plans to increase long-term purchases of key US products through 2029, including $44.4 billion in liquefied natural gas (LNG) and crude oil, $15.2 billion in civil aircraft and engines, and $25.2 billion in power equipment and grids.

In return, the US will reduce tariffs on Taiwanese goods. Taiwan also agreed to lower most of its own tariff barriers and provide preferential access for US industrial and agricultural exports.

The agreement now requires review by Taiwan’s parliament, controlled by the opposition.

Feb. 13, 2026 4:45 p.m.

DP World Names Essa Kazim Chairman, Yuvraj Narayan CEO

DP World has appointed HE Essa Kazim as Chairman and Yuvraj Narayan as Group CEO, strengthening its leadership for sustainable growth and global supply chains

Feb. 13, 2026 4:33 p.m.

Dubai Ruler Launches ‘11.5’ Drive to Save 5M Children

Dubai’s Ruler Sheikh Mohammed launched the “11.5: Edge of Life” Ramadan campaign to rescue 5 million children from hunger worldwide

Feb. 13, 2026 3:52 p.m.

Imran Khan Loses 85% Vision in Right Eye: Lawyer

Imran Khan’s lawyer told Pakistan’s Supreme Court he has lost 85% vision in his right eye. The court ordered access to his personal doctor by Feb 16

Feb. 13, 2026 3:46 p.m.

Zimbabwe Stun Australia by 23 Runs in T20 World Cup

Zimbabwe beat Australia by 23 runs in Colombo. Brian Bennett made 64* and Blessing Muzarabani took 4/17 as Australia were all out for 146

Feb. 13, 2026 3:22 p.m.

Lufthansa Strike Cancels 800 Flights, 100,000 Hit

Hundreds of Lufthansa flights were cancelled as pilots and cabin crew went on strike over pensions and job issues, affecting up to 100,000 passengers

Feb. 13, 2026 3:06 p.m.

Sheikh Maktoum Reviews FTA Plans, Pushes AI Tax Services

Sheikh Maktoum chaired an FTA board meeting, reviewed AI and digital plans, and shared key results including 710,000 corporate tax registrations

Feb. 13, 2026 2:59 p.m.

Dubai Chambers, Cyprus CCCI Boost Trade, Investment Talks

Dubai Chambers met Cyprus CCCI to expand trade and investment ties. Cypriot firms in Dubai Chamber rose to 639; trade hit AED 588m in 2024

Feb. 13, 2026 1:29 p.m.

Japan Arrests Chinese Fishing Boat Captain, Tensions Rise

Japan arrests Chinese fishing boat captain near Nagasaki, heightening tensions with China amid Taiwan disputes and regional security concerns

Feb. 13, 2026 1:22 p.m.

Etihad Airways Flies 2.2M Passengers in January 2026

Etihad Airways carried 2.2 million passengers in Jan 2026, a 29% rise, with 127 aircraft serving 110 destinations worldwide

US and Taiwan Sign Deal to Cut Tariffs, Boost Trade

More Trending News

Featured Stories

Sponsored

Trending News