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The US and Taiwan have finalized a trade agreement aimed at reducing tariffs and enhancing market access for American products. Taiwan commits to purchasing over $44 billion in US liquefied natural gas and crude oil, $15 billion in civil aircraft, and investing $25 billion in power-generation equipment by 2029.

The agreement lowers tariffs on Taiwanese goods to 15% and includes exemptions for certain products. The deal requires approval from Taiwan's legislature amidst concerns over transparency and local industry impacts.