U.S. Imposes 20% Tariff on Most Taiwanese Goods 🇺🇸

The United States has imposed a 20% tariff on most goods from Taiwan, effective next week. The rate is lower than the 32% announced in April but remains higher than the 15% set for Japan and South Korea. Taiwan President Lai Ching-te says a broader U.S.-Taiwan trade deal expected to lower tariffs further is nearly finished, but says details of the plan must wait for a U.S. Commerce Department investigation to finish.