Author: Mark Sweney

STORY: The U.S. and Taiwan clinched a trade deal on Thursday that cuts tariffs on many of the tech powerhouse’s exports.:: TSMCUnder the deal, Taiwanese chipmakers like TSMC which are expanding U.S. production will be charged a lower tariff on semiconductors or related equipment that they ship to the country. They will also be allowed to import some duty-free.Broad tariffs that apply to most other Taiwanese exports to the U.S. will fall from 20% to 15%.The U.S. Commerce Department said generic pharmaceuticals, aircraft components and “unavailable natural resources” would face a 0% tariff.Taiwan said the U.S. also promised that it…

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