**BREAKING: President Trump to Cut Tariffs on Taiwan to 15%**
In a major trade development, the Trump administration is nearing a bilateral agreement with Taiwan that would reduce U.S. tariffs on Taiwanese imports from the current 20% to **15%**.
The deal, reported by sources including The New York Times and Bloomberg, aligns Taiwan's tariff rate with those already granted to Japan and South Korea. In exchange, Taiwan — led by chip giant **TSMC** — is expected to commit to building at least **five additional semiconductor fabrication plants** in Arizona, significantly expanding U.S.-based chip production amid ongoing national security and supply-chain concerns.
Talks have reached a "broad consensus," with Taiwan's Office of Trade Negotiations confirming ongoing discussions on final timing. An announcement could come as early as this month, pending legal reviews and legislative approval in Taipei.
The move comes after months of negotiations following the Trump administration's reciprocal tariffs implemented in 2025, while exempting most semiconductors from broader levies.
🇺🇸🇹🇼 Markets and tech investors are watching closely — a win for U.S. onshoring and Taiwan's key ally status.
