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US, Taiwan come to $250B 'America First' tariff deal over semiconductors

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2 hours ago

The United States and Taiwan on Thursday signed a new trade agreement aimed at reshoring semiconductor manufacturing and strengthening U.S. supply chains, according to the Department of Commerce.The deal commits Taiwanese semiconductor and technology companies to at least $250 billion in direct U.S. investment to advance "America First trade and investment" with an additional $250 billion in credit guarantees to support expansion across the supply chain.American and Taiwanese officials say the agreement is designed to reverse decades of offshoring that cut America’s share of global semiconduct...

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