The US just lowered Taiwan’s tariffs in exchange for a massive domestic chipmaking promise, the Commerce Department announced on Thursday . Under the deal, tariffs on goods from Taiwan will decrease from 20 to 15 percent, while Taiwanese technology companies will invest $250 billion into building and expanding chipmaking facilities in the US, supported by at least $250 billion in credit offered by Taiwan’s government. Last year, President Donald Trump threatened to impose a 100 percent tariff

Tag-uri: Donald Trump