The Office of the United States Trade Representative has announced the signing of a reciprocal trade agreement with Taiwan on 12 February 2026. Among other things, the agreement provides that the U.S. will apply the higher of either the U.S. Most Favored Nation (MFN) tariff rate or a tariff rate of 15% on goods originating from Taiwan. Taiwan, on the other hand, will eliminate or reduce 99% o…