US Eases Some Tariffs on Taiwan to Formalize Trade Agreement

The Trump administration is removing some tariffs on imports from Taiwan to implement parts of a previously agreed trade deal with the US.

The US will remove derivative aluminum, steel and copper duties from aircraft components imported from Taiwan, according to a notice posted in the Federal Register.

Washington is also modifying sectoral levies on Taiwanese auto parts, timber, lumber and wood derivative products. The combined rate on applied goods will be capped at 15%.

The tariffs addressed in the notice were imposed under Section 232 of the Trade Expansion Act of 1962, which allows the US to put in ...