The US claims it just strongarmed Taiwan into spending $250 billion on American chip manufacturing

The US conscionable lowered Taiwan's tariffs successful speech for a monolithic home chipmaking promise, the Commerce Department announced connected Thursday. Under the deal, tariffs connected goods from Taiwan volition alteration from 20 to 15 percent, portion Taiwanese exertion companies volition put $250 cardinal into gathering and expanding chipmaking facilities successful the US, supported by astatine slightest $250 cardinal successful recognition offered by Taiwan's government.

Last year, President Donald Trump threatened to impose a 100 percent tariff connected chips and semiconductors not made successful the US, thing that Commerce Secretary Howard Lutnick tells CNBC is inactive connected the table. "That's what they ge …

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