Trump administration reaches trade deal to lower Taiwan’s tariff barriers

Washington, Feb 13 (AP) The Trump administration has reached a trade deal with Taiwan, with Taiwan agreeing to remove or reduce 99 per cent of its tariff barriers, the office of the US Trade Representative said. The agreement comes as the US remains reliant on Taiwan for its production of computer chips, the exporting of which contributed to a trade imbalance of nearly USD 127 billion during the first 11 months of 2025, according to the Census Bureau. Taiwan’s exports to the US will be taxed at a 15 per cent rate or the US government’s “Most Favoured Nation” rate,…