AssetID: 55463462
Headline: UNCAPTIONED: U.S. and Taiwan Seal 15% Tariff Deal in Major Trade Reset
Caption: U.S. and Taiwan Seal 15% Tariff Deal in Major Trade Reset. The United States and Taiwan have finalized a reciprocal trade agreement setting a 15% U.S. tariff on Taiwanese imports while Taipei commits to lowering or eliminating tariffs on nearly all American goods. Under the deal, Taiwan will significantly boost U.S. purchases from 2025 to 2029 — including $44 billion in liquefied natural gas and crude oil over $15 billion in aircraft and engines, and tens of billions more in power grid and industrial equipment. Taiwan also secured exemptions for more than 2,000 export items, lowering the average tariff on U.S. exports to about 12%. President Lai Ching-te called it a turning point for Taiwan's economy and a step toward a stronger high-tech partnership. The agreement builds on a January framework that reduced tariffs on Taiwanese goods, including semiconductors. It also includes a pledge for massive Taiwanese investment in U.S. manufacturing and AI. The deal now awaits approval by Taiwan's parliament. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current affairs & Politics,United States,Taiwan,15% tariff deal,reciprocal trade agreement,Lai Ching-te,liquefied natural gas purchases,crude oil imports,aircraft and engines,semiconductor trade,US manufacturing investment,AI partnership,Taiwan parliament approval
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