Taiwan and US Reach General Consensus on Trade Deal After Negotiations

Taiwan and the United States have reached a "general consensus" on a trade deal following months of negotiations. The talks were initiated after the US imposed tariffs on Taiwanese exports. Taiwan's negotiators stated the goal was reciprocal tariff reductions and preferential treatment for semiconductors. President Lai Ching-te has pledged increased US investment and defense spending. Both sides are discussing a concluding meeting, with Taiwan vowing to explain the agreement to its parliament and the public.