TAIWAN WILL INVEST $250 BILLION IN US CHIPMAKING UNDER NEW TRADE DEAL

Summary from the TLDR newsletter

The US and Taiwan have reached a trade agreement to build chips and chip factories on American soil. Taiwanese chip and technology companies will invest at least $250 billion in production capacity in the US. The Taiwanese government will guarantee $250 billion in credit for these companies. The US will limit tariffs in Taiwan to 15% and commit to zero tariffs on generic pharmaceuticals, their ingredients, aircraft components, and some natural resources.