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US-Taiwan Trade Pact Cuts Tariffs, Opens Asian Markets for American Goods

Bloomberg Markets •
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US and Taiwan finalized a trade agreement slashing tariffs and boosting access for American products in Asia, while channeling billions into US energy and tech projects. This pact, brokered amid heightened US-China tensions, directly addresses Taipei's economic isolation and Washington's strategic pivot towards the Indo-Pacific. The deal eliminates duties on thousands of goods, significantly lowering costs for US exporters targeting Taiwan's advanced manufacturing sector. Billions of dollars in new investments are earmarked for US energy infrastructure and semiconductor innovation, aiming to strengthen supply chains and counter Beijing's influence.