With the signing of the trade agreement between the United States and Taiwan, tariffs on Taiwanese exports are reduced by 15 %, benefiting US products in local markets.
As international media report, “Taiwan has agreed to eliminate or reduce 99 % of tariff barriers on US products, in addition to providing preferential market access for US industrial and agricultural exports,” including automobiles, meat products, and minerals.
According to the Office of the U.S. Trade Representative, “Taiwan has committed to resolving long-standing non-tariff barriers, such as accepting U.S. vehicles manufactured according to U.S. Federal Motor Vehicle Safety Standards” without additional requirements.
M.Pino
Source: bolsamania
(Reference image source: Fotógrafo Samuel Cruz on Unsplash)
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