WASHINGTON, Feb 12 (Reuters): Trump administration officials signed a final reciprocal trade agreement that confirmed a 15% U.S. tariff rate for imports from Taiwan, while committing Taiwan to a schedule for eliminating or lowering tariffs on nearly all U.S. goods.

The document released by the U.S. Trade Representative's office on Thursday also commits Taiwan to significantly boost purchases of U.S. goods from 2025 through 2029, including $44.4 billion of liquefied natural gas and crude oil, $15.2 billion of civil aircraft and engines, $25.2 billion of power grid equipment and generators, marine and steelmaking equipment.

The agreement adds technical language and specific details to a trade framework deal first reached in January that cut tariffs on Taiwanese goods, including from its powerhouse semiconductor industries, to 15% from the 20% initially imposed by Trump. That puts Taiwan on an equal footing with its closest Asian export competitors, South Korea and Japan.

"This is a pivotal moment for Taiwan's economy and industries to ride the winds of change and undergo a major transformation," Taiwan President Lai Ching-te wrote on his Facebook page.

It will optimize the Taiwan–U.S. economic and trade framework, build trustworthy industrial supply chains and establish a Taiwan–U.S. high-tech strategic partnership, he added.

Taiwan also won exemptions from reciprocal tariffs for more than 2,000 product items exported to the United States, meaning the average tariff on U.S. exports will drop to 12.33%, Lai said.

The deal will need approval by Taiwan's parliament, where the opposition has a majority.

For the first 11 months of 2025, the U.S. trade deficit with Taiwan ballooned to $126.9 billion from $73.7 billion for all of 2024, largely due to the large increase in imports of high-end AI chips from Taiwan, according to U.S. Census Bureau data.

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