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Stock impact report

US, Taiwan reach trade deal focused on semiconductors, US Commerce Department says [Yahoo! Finance Canada]

Qnity Electronics, Inc. (Q) 
US:NYSE Investor Relations: ir.iqvia.com
The deal deepens the Trump ?administration's ties with Taipei at a critical time as China ratchets up pressure on the island and Washington has worked to ?avoid an all-out trade war with Beijing. Under the long-negotiated deal, Taiwanese chipmakers like TSMC that expand U.S. production will get a lower tax rate for semiconductors they import into the U.S. ?The U.S. will also lower a set of broad tariffs that apply to most other Taiwanese exports to the U.S. from 20% to 15%. Generic pharmaceuticals, aircraft components and "unavailable natural resources" will face a 0% tariff, the Commerce Department said. In exchange, Taiwanese technology companies, such as TSMC, will make investments totaling at least $250 billion to increase production of semiconductors, energy and artificial intelligence in the United States. That includes $100 billion already committed by TSMC in 2025, with more to come, ?according to U.S. Commerce Secretary Howard Lutnick. Taiwan will also ?guarantee anoth Show less Read more
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