TAIPEI (Taiwan News) — Representative John Moolenaar, chair of the House Select Committee on China, praised the new US trade deal with Taiwan on Friday.

The agreement “supports American jobs and continued prosperity” between the two countries, Moolenaar said in a statement. “The deal also shows the Trump Administration’s continued partnership with Taiwan, which is a vibrant democratic society and a crucial part of critical supply chains,” he said. 

The representative pledged that Congress will continue to support Taiwan and oppose “the Chinese Communist Party’s authoritarian ambitions."

Taiwan and the United States signed the trade agreement on Thursday after 10 months of negotiations. According to the Office of the US Trade Representative, the deal sets a 15% tariff on Taiwan and offers most-favored treatment under Section 232 of the Trade Expansion Act. 

Taiwan secured tariff exemptions for more than 2,000 export products. With these exemptions factored in, the average tariff on exports to the US will drop to 12.33%. The US will also consider supporting investment financing in critical sectors in Taiwan in collaboration with US private sector partners, consistent with applicable law.  

In return, Taiwan will provide preferential market access for US industrial exports and for US agricultural exports. It pledged to help establish industrial parks in the US to expand capacity in key US high-tech sectors. With financial support, Taiwanese companies in the US will increase investment, including in the semiconductor supply chain and electronics manufacturing services.

Taiwan also plans to boost procurement of US goods, including NT$1.4 trillion (US$44.4 billion) worth of liquefied natural gas and crude oil, NT$477.03 billion on civilian aircraft and engines, and NT$790.9 billion on power equipment, power grids, materials, and various equipment from 2025 through 2029.