Taiwan has reached a "general consensus" with the United States on a trade deal, the island's negotiators announced on Tuesday (January 13, 2025), following months of negotiations. Taiwan's trade officials also vowed to provide "a complete explanation of the negotiations and the agreement" to the opposition-controlled parliament and the public. Taiwan's trade surplus with the United States was the seventh highest of any country in 2024, reaching $73.9 billion. More than half of its exports to the United States are information and communications technology products, including semiconductors. TSMC, which is the world's largest contract chip maker, also has pledged to invest an additional US$100 billion in the United States.

Source: The Hindu January 13, 2026 05:40 UTC