Taiwan goods entering the U-S market will now be subject to tariffs of no
more than 15 percent, down from the original 20 percent set by the Trump
Administration in April of last year.

Under the bilateral deal announced by the U-S Commerce Department, Taiwanese
companies investing in new chip manufacturing in the U-S will also be able to
avoid tariffs on some imports.

The U-S is also not expected to apply tariffs for generic pharmaceuticals,
aircraft components and unavailable natural resources.

The bilateral trade agreement is expected to further boost Taiwan
semiconductor companies' financing for U-S operations by 500-billion U-S
dollars.

Taiwan semiconductor and tech companies will make new investments totaling at
least 250-billion U-S dollars to promote energy, A-I and innovation in the
U-S ...

... and Taiwan will also offer credit guarantees of at least 250-billion U-S
dollars to expand the chip supply chain in America.

The commerce department hasn't said which companies are expected to invest in
the U-S.

The Cabinet's Taiwan-US trade working group said yesterday that a formal
trade agreement will be signed at a later date,

A full text will then be submitted to the Legislative Yuan for review.