JAKARTA - The United States said it would impose new retroactive tariffs on automotive parts, lumber, processed wood, and certain wood-derived products from Taiwan imported since May 1.
The tariff is part of a trade agreement signed by President Donald Trump's administration with Taiwan in January, which limits tariffs to no more than 15 percent.
As agreed at the time, the notice in the Federal Register stated that the United States would not impose sector-specific tariffs on steel, aluminum, and copper contained in aircraft components produced in Taiwan.
In return for the modifications, including a reduction in the basic import tariff from Taiwan by the United States from 20 to 15 percent, Taiwan has pledged to invest 250 billion US dollars (Rp4.462.75 trillion) in US semiconductor and technology manufacturing.
The Taiwanese government has also promised to provide at least the same amount in the form of credit guarantees to encourage investment by Taiwanese companies in the US chip sector.
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