🔥 The US is nearing a trade deal with Taiwan
Reports indicate that the United States and Taiwan are close to finalizing a major trade agreement centered on the semiconductor industry. According to the New York Times, the deal would lower U.S. tariffs on Taiwanese imports to 15%.
In exchange, Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to significantly increase its footprint in the U.S. by committing to the construction of at least five additional production facilities in Arizona. This move aims to secure domestic chip supplies while fostering deeper economic ties between the two nations.
