US-Taiwan near trade deal to lower tariff, boost TSMC facilities, NYT reports

INVESTING.COMJan 12, 5:30 PM UTC

Key insights

  • A potential US-Taiwan trade deal could lower tariffs and secure commitments for Taiwan Semiconductor Manufacturing Company (TSMC) to build additional facilities in Arizona. This development suggests a move towards de-escalating trade tensions and strengthening US domestic semiconductor production capacity, which could be a positive signal for the technology sector and related supply chains.
US-Taiwan near trade deal to lower tariff, boost TSMC facilities, NYT reports

WASHINGTON, Jan 12 (Reuters) - The Trump administration is nearing a trade deal with Taiwan to reduce its tariff rate to 15% and commit Taiwan Semiconductor Manufacturing Corporation to building at least five more facilities in Arizona, the New York Times reported on Monday, citing three people familiar with the matter.

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