U.S.-Taiwan Trade Final Agreement: 15% Tariffs and $1.006T Procurement through 2029

U.S. officials have signed the final mutual trade agreement, setting a 15% tariff on goods imported from Taiwan and committing Taiwan to phase down or eliminate nearly all tariffs on U.S. goods over time. According to the U.S. Trade Representative's office, Taiwan will increase purchases of U.S. goods totaling $1.006 trillion between 2025 and 2029, including $44.4 billion in liquefied natural gas and crude oil, $15.2 billion in civil aircraft and engines, and $25.2 billion in grid, generators, and maritime and steelmaking equipment. The agreement supplements a preliminary pact reached in January 2026, which equalized tariffs on Taiwan with South Korea and Japan at 15% after下调 from 20%. It also immediately removes the highest 26% tariffs on Taiwanese imports of beef, dairy, and corn. USTR Administrator Jamieson Greer said the agreement will expand export opportunities for American farmers, ranchers, fishermen, workers, and manufacturers and strengthen supply chain resilience, especially in the technology sector.