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US says it reached deal with Taiwan to lower tariffs and boost investments
US to lower tariffs on Taiwanese goods to 15% as chip and tech businesses pledge $250bn spending in US operations
The US said on Thursday that it has signed a deal with Taiwan to reduce tariffs on goods from the democratic island, while increasing Taiwanese semiconductor and tech companies’ investments in America.
The agreement, the US commerce department said, “will drive a massive reshoring of America’s semiconductor sector”.
Source: www.theguardian.com
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