Trump Administration Close to Finalizing Taiwan Trade Pact (1)

The Trump administration is closing in on a tariff agreement with Taiwan, according to a person familiar with the matter, a move toward improving trade terms with a key Asian partner.

Washington and Taipei have entered the final stages of negotiations, said the person, who declined to be identified and did not elaborate on the terms of a potential deal.

Earlier Monday, the New York Times reported that a deal would see the US lower tariffs on the self-governing island’s exports to 15% from 20%. Taiwan Semiconductor Manufacturing Co. would in turn commit to building five new chip plants ...