Taiwan will invest $250 billion in US chip factories
Digest more
The limit would apply to both reciprocal and sector-specific duties, per the Commerce Department, although the implementation timeline remains unclear.
Taiwan Semiconductor Manufacturing will add new factories to its cluster in Arizona as part of a $250 billion investment in the U.S.
The U.S. and Taiwan clinched a trade deal on Thursday that cuts tariffs on many of the semiconductor powerhouse's exports, directs new investments in the U.S. technology industry and risks infuriating China.
The U.S. and Taiwan announced a new trade deal on Thursday, with the Asian nation investing significant sums of money in the U.S. In return, the U.S. will cut tariffs on products from Taiwan.