Taiwan to buy $84.8 bln in US goods under trade deal

Taiwan and the United States have signed a final agreement under which Washington will cap tariffs on Taiwanese goods at 15%, while Taipei commits to purchasing nearly $84.8 billion worth of US goods by 2029, according to the Office of the US Trade Representative.

The agreement marks a significant development in US-Taiwan trade ties and outlines large-scale energy, aviation, and infrastructure purchases over the next five years.

As part of the deal, Taiwan will expand its purchases of key US energy supplies and equipment between 2025 and 2029.

“The Taiwan side plans to facilitate a long-term increase in its purchases of important U.S. goods, including $44.4 billion worth of liquefied natural gas and crude oil, $15.2 billion worth of civil aircraft and engines, and $25.2 billion worth of power equipment, power grids, materials, generators, storage facilities, marine equipment, steel-making equipment, and other equipment from 2025 through 2029,” the office said in a statement on Thursday.

The planned $44.4 billion in liquefied natural gas and crude oil purchases underscores the scale of Taiwan LNG imports under the agreement.
US tariffs on Taiwan reduced
In return, the United States pledged to reduce US tariffs on Taiwan, lowering the rate to no higher than 15% from the current 20%, according to the statement.

The tariff adjustment is expected to ease trade pressures while reinforcing broader US-Taiwan trade cooperation.

In January, the US Department of Commerce announced that Taiwanese companies would invest at least $250 billion in semiconductor, energy, and AI capacity in the United States.

According to the department, Taipei will also provide $250 billion in loan guarantees to Taiwanese enterprises to support additional investments aimed at building a full semiconductor supply chain and ecosystem.