Executive Yuan: US Officially Announces Section 232 Tariff Exemptions for Taiwan's Non-Semiconductor Products
The Executive Yuan announced that the US has officially published Section 232 tariff exemptions for Taiwan's non-semiconductor products, including a 15% rate for auto parts.
📋 Article Processing Timeline
- 📰 Published: May 28, 2026 at 21:55
- 🔍 Collected: May 31, 2026 at 23:54 (73h 59m after Published)
- 🤖 AI Analyzed: June 2, 2026 at 00:39 (24h 44m after Collected)
According to the Central News Agency, the US has officially announced Section 232 tariff exemptions for Taiwan's non-semiconductor products in the Federal Register as of the morning of May 28th (US Eastern Time). This includes reducing the tariff rate on auto parts exported to the US to 15%. Taiwan and the US signed an investment MOU in January, making Taiwan the first country to receive such preferential treatment under Section 232. The US had previously indicated that auto parts, timber, and aircraft components would be exempt or capped at 15%. Deputy Premier Cheng Li-chun stated that this measure will enhance the competitiveness of Taiwanese businesses. Minister of Economic Affairs Kung Ming-hsin noted that the stock market reacted positively, and the reduced tax gap with China allows Taiwanese manufacturers to shift from a defensive to an offensive strategy.
FAQ
How does this affect Taiwan's exports?
It lowers costs, making Taiwanese goods more competitive in the US market.