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Trump Finalizes Taiwan Deal
- U.S. President Donald Trump finalized a trade deal with Taiwan that lowers tariffs on 99% of Taiwan's exports to the United States to 15%.
- The agreement aims to address a large trade imbalance, with Taiwan set to invest $250 billion in U.S. industries, especially semiconductors and AI.
- Taiwan Semiconductor Manufacturing Company (TSMC) commits $165 billion for U.S. production and R&D.
- Taiwan's government will seek legislative approval for the agreement.
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