00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. and Taiwan reached a trade agreement to expand semiconductor manufacturing in the
00:07United States. The Department of Commerce announced Thursday, according to CNBC.
00:12Under the deal, Taiwanese chip and technology companies will invest at least $250 billion
00:17in U.S. production capacity, while Taiwan's government will guarantee $250 billion in credit.
00:24The U.S. will cap reciprocal tariffs on Taiwan at 15 percent and set zero reciprocal tariffs
00:29on generic pharmaceuticals, aircraft components, certain ingredients, and some natural resources.
00:35Commerce Secretary Howard Lutnick said Taiwan-based chip companies that do not build in the U.S.
00:39could face a 100 percent tariff as the government aims to bring 40 percent of Taiwan's semiconductor
00:45supply chained to the United States.
00:47For all things money, visit Benzinga.com.
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