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The US is removing or cutting some tariffs to 15% on Taiwanese imports as part of the bilateral MOU reached by Taipei and Washington in January. They cover goods including auto parts, wood and steel, according to a notice on the Federal Register and will take effect retroactively from May 1. This has made Taiwan the first country in the world to receive preferential treatment under Section 232 of the US Trade Expansion Act. This is expected to boost traditional industries and component supply chains. Let’s find out more.

Cheng Li-chiun
Vice Premier
The preferential measures related to the non-semiconductor Section 232 tariffs will take effect from May 1.

After a long period of trade negotiations between Taiwan and the United States, there’s good news: the US has released its non-semiconductor preferential tariffs under Section 232 for Taiwan, making Taiwan the first country in the world to receive preferential treatment under Section 232.

Cheng Li-chiun
Vice Premier
The preferential tariffs that have come into effect are roughly the same as those received by the EU, Japan, and South Korea. Therefore, we believe that the new tariff rates will help our country enhance the competitiveness of related industries overseas.

Tariffs on automotive parts exported to the US have been reduced from an average of 26.71% to 15%; tariffs on logs, timber, and wood derivatives have dropped from 25% to 15%. Furthermore, aerospace components, which previously faced a maximum tariff of 55.7%, are now exempted, leaving only the base Most Favored Nation average tariff rate of 1.12% without cumulative duties. These changes are retroactive to May 1.

Cheng Li-chiun
Vice Premier
The US has not yet proposed tariffs on semiconductors and their derivatives under Section 232. We are continuing to consult with the US in advance through a government-to-government communication mechanism.

The preferential tariff treatment for non-semiconductor products under Section 232 directly benefits Taiwan’s traditional manufacturing industries, small and medium-sized enterprises, and component supply chains by reducing costs and operational pressures and significantly enhancing their overseas competitiveness.

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