The United States has reached a new reciprocal trade agreement with Taiwan that will lower U.S. tariffs on most Taiwanese goods to 15 percent in exchange for Taiwan eliminating or reducing 99 percent of its tariff barriers on U.S. exports, according to the Office of the U.S. Trade Representative.
Under the agreement, Taiwan committed to expand purchases of U.S. goods through 2029, including $44.4 billion in liquefied natural gas and crude oil, $15.2 billion in civil aircraft and engines, and $25.2 billion in power equipment, grid infrastructure and related technology, the USTR said in a fact sheet released with the announcement.
U.S. Trade Representative Jamieson Greer said the deal advances U.S. economic and national security interests in the Asia-Pacific region and would open new market access for American exporters. “This agreement builds on our longstanding trade relationship with Taiwan and will significantly enhance the resilience of our supply chains, particularly in high-technology sectors,” Greer said.
The agreement was signed in Washington with Commerce Secretary Howard Lutnick and senior Taiwanese officials present.
The announcement follows a separate recent understanding under which Taiwanese firms committed to invest billions of dollars in U.S. semiconductor manufacturing and related energy and AI capacity, as part of Washington’s push to strengthen domestic supply chains.
U.S. officials said the tariff changes will be phased in, with monitoring mechanisms to ensure compliance. Taiwanese officials said the agreement is intended to deepen trade ties while maintaining stable economic relations.
