00:00A trade deal with a catch.
00:02The U.S. agrees to lower Taiwan's tariff rate from 20 to 15 percent,
00:08and Taiwan pledges to invest 500 billion dollars in the U.S.
00:12Part of that investment includes 100 billion U.S. dollars from chip giant TSMC.
00:18And some of it will also be used to create industrial clusters,
00:22modeled after Taiwan's own science parks.
00:25But the negotiating team still faces one last major hurdle.
00:28Trade negotiators may have settled on the terms,
00:32but the deal must also be approved in Taiwan's legislature,
00:35and opposition heavyweights are already raising doubts.
00:52In particular, a comment by U.S. Commerce Secretary Howard Lutnick is drawing concern.
00:57He says the Trump administration's ultimate goal
01:01is to bring 40 percent of Taiwan's semiconductor supply chain to the U.S.
01:05before the end of Trump's term.
01:07各界继续努力来降低后续对台湾厂商的冲击跟影响.
01:13许多台湾人民也都希望政府能够守住户国神山更留台湾.
01:18Meanwhile, lawmakers from the ruling party praised the conclusion of negotiations,
01:22which had gone on for months.
01:23蓝白要反对党,不要永远都是唱衰台湾.
01:28那我们真的要给振力军副院长,
01:31还有杨真理带领的团队给他们肯定。
01:34With opposition parties forming a majority in the legislature,
01:38their agreement is essential to approving any trade deal.
01:41But if the deal falls through,
01:43it'll be back to the drawing board for negotiators on both sides.
01:47Patrick Chen and Tiffany Wong for Taiwan Plus.
Comments