The Us Claims It Just Strongarmed Taiwan Into Spending $250 Billion On American Chip Manufacturing

The US conscionable lowered Taiwan's tariffs successful speech for a monolithic home chipmaking promise, nan Commerce Department announced connected Thursday. Under nan deal, tariffs connected equipment from Taiwan will alteration from 20 to 15 percent, while Taiwanese exertion companies will put $250 cardinal into building and expanding chipmaking accommodation successful nan US, supported by astatine slightest $250 cardinal successful in installments offered by Taiwan's government.

Last year, President Donald Trump threatened to impose a 100 percent tariff connected chips and semiconductors not made successful nan US, thing that Commerce Secretary Howard Lutnick tells CNBC is still connected nan table. "That's what they ge …

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