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flag U.S. nears deal with Taiwan cutting tariffs to 15% and requiring TSMC to build five new Arizona chip plants.

flag The Trump administration is close to finalizing a trade deal with Taiwan that would cut U.S. tariffs on Taiwanese goods to 15%, matching rates for Japan and South Korea, and require TSMC to build at least five new semiconductor plants in Arizona. flag The move, aimed at boosting U.S. chip production and supply chain resilience, comes amid heightened tensions with China and growing U.S. reliance on Taiwan for advanced semiconductors. flag The agreement, under legal review, reflects broader efforts to secure strategic investments from allies, with TSMC’s expanded U.S. footprint expected to bring up to $100 billion in new investment, raising its total U.S. commitment to $165 billion. flag While U.S. agencies and TSMC did not confirm details, Taiwan’s trade office acknowledged broad agreement on the terms.

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