The U.S. has unveiled new trade deals with Taiwan, North Macedonia and Bangladesh.
Taiwan will eliminate or reduce tariffs on 99% of goods, according to a fact sheet from the Office of the U.S. Trade Representative. Tariffs are set to end on U.S. beef, lamb, seafood, dairy, potatoes, vegetables, legumes, nuts and fruits. The deal also streamlines processes for exporting U.S. beef, poultry, pork and processing potatoes, the White House said, and protects common names for meat and cheeses.
In a joint statement, Northern Macedonia said it agreed to “eliminate customs duties for all U.S. industrial and agricultural goods.”
Taiwan currently maintains an average tariff rate of almost 17%, according to the World Trade Organization, while North Macedonia’s is close to 13%.
Earlier in the week, President Trump announced a trade agreement that he said will provide the U.S. with increased levels of market access in Bangladesh. Under the informal bilateral deal, Bangladesh “commits to provide significant preferential market access for U.S. industrial and agricultural goods” including beef and poultry, while committing to “follow science and risk-based processes to allow the import of safe U.S. food and agricultural goods.”
