Vice Premier Cheng Li-chiun says Section 232 tariffs waived on auto parts, timber and aircraft components with retroactive effect from May 1

The Trump administration cut US tariffs on Taiwan from 20% to 15% as part of a reciprocal trade deal that includes $250B in semiconductor investments.

Taiwan has secured preferential treatment for its semiconductor exports under a January trade deal with the US, ensuring favourable terms should future Section 232 tariffs be…