Taiwan in Talks with US to Reduce 20% Tariffs and Boost Investment
Discussions include lowering tariffs, expanding Taiwanese company operations in the US, and workforce training, with potential commitments from chipmaker TSMC.
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Terms & Concepts
Tariff: A tax imposed by a government on imported or exported goods, affecting trade costs and competitiveness.
TSMC: Taiwan Semiconductor Manufacturing Company, the world's largest contract semiconductor producer.