Trump administration reaches a trade deal with Taiwan

WASHINGTON (AP) — The Trump administration reached a trade deal with Taiwan on Thursday, with Taiwan agreeing to remove or reduce 99% of its tariff barriers, the office of the U.S. Trade Representative said. The agreement comes as the U.S. remains reliant on Taiwan for its production of computer chips, the exporting of which contributed to a trade imbalance of nearly $127 billion during the first 11 months of 2025, according to the Census Bureau. Taiwan’s exports to the U.S. will be taxed at a 15% rate or the U.S. government’s “Most Favored Nation” rate, the USTR’s office said. Trade…