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.