US Threatens Taiwan with 100 Percent Tariff on Chips Amid Chipmaking Deal

The US has announced a major chipmaking deal with Taiwan, where tariffs on goods from the island nation will decrease to 15 percent in exchange for Taiwanese technology companies investing $250 billion into building and expanding chipmaking facilities in the US. The agreement is part of a larger effort by the Commerce Department to bolster domestic chip production, which has been critical to national security concerns. As part of this deal, at least $250 billion in credit will be offered to support Taiwanese investment, marking a significant shift in trade relations between the two nations.