Taiwan and USA Sign $250 Billion Semiconductor Trade Deal
Taiwan and the USA signed a $250 billion semiconductor trade agreement on January 16 to boost domestic production and reduce technological reliance.The deal establishes a 15% tariff cap on Taiwanese products and eliminates duties on generic pharmaceuticals despite formal opposition from China.Following the pact,
TSMC reported surging earnings while
Mitsubishi announced a $7.53 billion acquisition of shale gas assets in the
USA.
Published:2h |Updated:1h