U.S. Reaches Reciprocal Trade Deal with Taiwan

U.S. Reaches Reciprocal Trade Deal with Taiwan

U.S. Trade Representative Jamieson Greer and Taiwan’s Vice Premier Li-chiun Cheng today, Feb. 12, signed an agreement with the goal of enhancing reciprocal trade between the U.S. and Taiwan.

Under the agreement,Taiwan will eliminate or reduce 99% of tariff barriers on U.S. goods and provide preferential market access for U.S. industrial exports, including autos and auto parts, chemicals, seafood, machinery, health products, electrical products, metals, and minerals. 

Taiwan will also provide preferential market access for U.S. agricultural exports, including horticultural products, wheat, beef and beef products, dairy products, pork and pork products, lamb and sheep meat, tree nuts, dog and cat food, ketchup, and peanuts. In addition, the country has committed to resolving non-tariff barriers affecting U.S. exports of motor vehicles, medical devices, and pharmaceuticals.

“Given the Taiwan side’s commitment to take significant steps to advance a stronger and more reciprocal trade relationship, the U.S. side has committed to reduce its tariffs on originating goods from Taiwan,” the Office of the U.S. Trade Representative said in a statement. 

The U.S. will also apply the higher of either the U.S. Most Favored Nation (MFN) tariff rate or a tariff rate of 15%, comprised of the MFN tariff and a reciprocal tariff within the meaning of the April 2, 2025 Executive Order 14257, as amended.

Read this factsheet on U.S.-Taiwan Agreement on Reciprocal Trade for more details.