Taiwan’s government says Taiwan and the US have previously held multiple discussions and reached consensus on preferential tariff treatment for semiconductors and related products under Section 232
This announcement signals a strengthening of trade relations between Taiwan and the U.S., particularly in the semiconductor sector, which is critical for both economies.
PBoC injects CNY 179.3bln via 7-day reverse repo at a maintained rate of 1.40%
Iran has extended its airspace closure NOTAM until 03:30 UTC (~2 hours from now)
Taiwan’s government says Taiwan and the US have previously held multiple discussions and reached consensus on preferential tariff treatment for semiconductors and related products under Section 232
PBoC sets USD/CNY mid-point at 7.0064 vs exp. 6.9678 (prev. 7.0120)
US President Trump says it would be better for Venezuela to remain in OPEC but is unsure if this would be beneficial to the US
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- Taiwan’s government says Taiwan will subsequently schedule a separate meeting with the Office of the U.S. Trade Representative to sign the Taiwan–US trade agreement documents.
The preferential tariff treatment under Section 232 could enhance Taiwan's market position and boost U.S. supply chains amid ongoing global semiconductor shortages. Investors should consider the implications for related sectors, particularly in equities and commodities.
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