Taiwan Agreed to $500 Billion Investments in the U.S. after Tariff Threats; Now Reconsiders

One of Trump’s brilliant “deals” he bragged about in his State of the Union Address on Feb. 24, which he said were the result of his “brilliant” tariff ploy, was with Taiwan, reducing tariffs from 20% to 15% in exchange for Taiwan companies investing $250 billion to boost production of semiconductors, energy, and artificial intelligence in the U.S., and also guarantee an additional $250 billion in credit to facilitate further investment, along with reducing all tariffs on imported goods from the U.S. and increasing the purchase of U.S. goods like natural gas, according to Reuters.