By Aldgra Fredly Taiwanese National Science and Technology Council Minister Wu Cheng-wen said that Taiwan and the United States have reached a “consensus” to keep tariffs off Taipei’s semiconductor industry. In a Financial Times interview published on Nov. 20, Wu said that Taiwan will support the United States in building its chip industry, and in […]
Tag: Tariffs
A tariff is a tax on imports or exports between sovereign states. It is a form of regulation of foreign trade and a policy that taxes foreign products to encourage or safeguard domestic industry. Traditionally, states have used them as a source of income.
