Taipei: Taiwan has successfully negotiated a trade agreement with the United States, resulting in a 15% tariff on its exports, with no stacking of additional tariffs. This development marks a significant step in Taiwan’s trade relations with the U.S. and is expected to have considerable economic implications.

According to Focus Taiwan, the agreement includes Taiwan’s commitment to invest US$500 billion in the United States. In exchange, Taiwan has secured a preferential tariff rate under the U.S. Section 232, a move that is expected to benefit Taiwanese exporters significantly. The negotiations have concluded with what officials describe as two major wins for Taiwan, ensuring better access to the U.S. market and enhancing economic ties between the two nations.

The announcement of the 15% tariff rate has already had a positive impact on Taiwan’s stock market. Economic Daily News reported a surge in 15 stocks that are expected to benefit from the new tariff arrangement. The preferential treatment is viewed as
a strategic win for Taiwan, fostering stronger trade relations and potentially boosting the island’s economy.

The outcome of these negotiations has been widely covered in major Taiwanese newspapers, highlighting the emphasis on improved economic collaboration with the United States. Taiwan’s Cabinet has also confirmed the reduced tariff rate, reinforcing the importance of this trade agreement. As Taiwan continues to engage in international trade, this latest development is seen as a pivotal moment in its economic strategy.