That includes a previous US$100 billion commitment made in 2025 by Taiwan Semiconductor Manufacturing Co (TSMC), Commerce Secretary Howard Lutnick said. The framework also caps sector-specific US tariffs on auto parts, timber, lumber and wood derivative products from Taiwan at 15%. In addition, Taiwanese semiconductors would receive relief from future tariffs. The Commerce Department concluded an investigation that found chip imports harm US national security, but held off on imposing broader tariffs. Taiwanese President Lai Ching-te had indicated he supported Trump’s goal of reindustrialising the US but said American land, electricity and workforce policy reforms were needed so projects could move ahead.

Source: The Edge Markets January 15, 2026 22:49 UTC