Beijing: Beijing has urged the US to abide by the 'one-China principle' following a recent agreement between Washington and Taiwan concerning semiconductors, which aims to reduce tariffs on the island.

According to Anadolu Agency, China expressed strong opposition to countries with diplomatic relations with China negotiating agreements with Taiwan. The Foreign Ministry spokesman, Guo Jiakun, emphasized the importance of the US adhering to the one-China principle and the three US-China Communiques during a press briefing in Beijing.

The US Commerce Department announced on Thursday that the agreement with Taipei is expected to boost investments from Taiwan to the US and reduce tariffs for Taiwan. The department highlighted that this commitment would enhance US economic resilience, create jobs, and strengthen national security.

Taiwanese semiconductor and technology companies are set to invest at least $250 billion to develop advanced semiconductor, energy, and AI production capabilities in the US. Additionally, Taipei plans to provide credit guarantees of at least $250 billion to support further investment by Taiwanese enterprises, aiming to establish and expand the semiconductor supply chain in the US.

Under the agreement, the US reciprocal tariff rate for Taiwanese goods will be capped at 15%. Specific US Section 232 duties on Taiwanese auto parts, timber, lumber, and wood derivative products will also not exceed 15%. Moreover, the US will implement a zero-percent reciprocal tariff for generic pharmaceuticals, their ingredients, aircraft components, and certain natural resources.

In a separate statement, Chinese Defense Ministry spokesman Zhang Xiaogang commented on the situation, likening the handling of 'Taiwan independence' forces to "catching a turtle in a jar," as reported by the Global Times. Zhang reiterated that resolving the Taiwan issue is an internal matter for China and should not be influenced by external forces.