U.S. signs trade deal with Taiwan, lowering tariffs to 15%, while Taipei to boost American goods purchases

U.S. and Taiwanese flags are seen in San Francisco, California, Jan. 28, 2026.Washington and Taipei have signed a trade deal lowering tariffs on Taiwanese exports to 15%, on par with those on Asian allies Japan and South Korea, while the island will open its market for U.S. goods. Taiwan will remove or reduce 99% of tariff barriers on U.S. goods, as well as provide "preferential market access" for U.S. industrial and agricultural exports. These include autos, beef products and minerals. Taiwan also plans to ...