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US, Taiwan Agree Trade Deal Lowering Tariffs
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8.0
The United States and Taiwan reached a trade deal on Friday that lowers tariffs on Taiwanese goods from 20% to 15% and commits $250 billion each to U.S. investments and credit guarantees to boost semiconductor, energy and AI production. Markets traded mixed with European equities seen slightly lower while Asian stocks gained on revived AI optimism; traders await U.S. industrial production data and Fed speeches amid a 62.5% June rate-cut probability.
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High economic and industry impact due to tariffs and $500B commitments, limited by single-source reporting and moderate detail.
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