Source item

The US Commerce Department is working on new tariffs on semiconductor imports under Section 232, and Taiwan believes it has already secured preferential treatment, media report. Section 232 allows tariffs for national security reasons, different from Section 301 tariffs for unfair trade practices. The US and Taiwan signed an MOU in January capping combined tariffs at 15% for non-semiconductor goods and a framework for semiconductor tariff-relief in exchange for manufacturing investments. https://t.co/kuLf5ncEUS