Bloomberg reported on the 27th that the Donald Trump U.S. administration will roll back tariffs on some imports from Taiwan.
According to the U.S. Federal Register, the Trump administration will exempt aluminum, steel, and copper derivative tariffs that had been imposed on aircraft parts imported from Taiwan.
Item-by-item tariffs on Taiwanese auto parts, lumber, logs, and wood derivatives will be capped at 15%.
Bloomberg said the U.S. move to ease tariffs on some imports from Taiwan is in line with implementing a trade agreement between the two sides.
The United States and Taiwan signed a trade agreement in Feb. that includes mutual tariff cuts, market opening, and expanded investment.
Under the agreement, the United States will reduce country-specific tariffs on Taiwanese products to 15% from 20%, and Taiwan agreed to abolish or reduce 99% of its tariff barriers.