Trump administration officials signed a final reciprocal trade agreement that confirmed a 15% U.S. tariff rate for imports from Taiwan, while committing Taiwan to a schedule for eliminating or lowering tariffs on nearly all U.S. goods, Reuters reported. 

The document released by the U.S. Trade Representative's office on Thursday also commits Taiwan to significantly boost purchases of U.S. goods from 2025 through 2029, including $44.4 billion of liquefied natural gas and crude oil, $15.2 billion of civil aircraft and engines, $25.2 billion of power grid equipment and generators, marine and steelmaking equipment.

The agreement adds technical language, opens new tab and specific details to a trade framework deal first reached in January that cut tariffs on Taiwanese goods, including from its powerhouse semiconductor industries, to 15% from the 20% initially imposed by Trump. That puts Taiwan on an equal footing with its closest Asian export competitors, South Korea and Japan, according to Reuters.