Semiconductor business between Taiwan and the United States is a "win-win" model for both sides given the high level of complementarity, the government said on Tuesday in response to tariff threats from U.
Taiwan's government will soon look at whether it needs to help its domestic industry over threats by U.S. President Donald Trump to put tariffs on semiconductors, Premier Cho Jung-tai said on Wednesday.
Taiwan will consider supporting its domestic industry the government said Wednesday, after US President Donald Trump warned he will soon place tariffs on overseas-made semiconductor chips. Speaking at a Republican congressional retreat in Miami on Monday,
Donald Trump called for tariffs on foreign computer chips, semiconductors, and pharmaceuticals from places like Taiwan in the near future.
Though the United States is the global leader in designing chips, the vast majority of chip production happens overseas, particularly in U.S.-ally Taiwan.
Trump term mean for Taiwan, especially with a Republican-controlled Congress? After Trump was elected in 2016, he initially tried to use Taiwan to gain leverage over Beijing. After taking a congratulatory call from then-Taiwan president Tsai Ing-wen,
President Trump said in the "very near future" he will impose tariffs on steel, aluminum, copper, semiconductors, pharmaceuticals and other imports.
While the tariffs aim to boost domestic manufacturing, they are unlikely to divert production from Asia immediately.
I can’t say that I can honor something I haven’t read,” Howard Lutnick, Trump’s nominee for commerce secretary, said of the binding CHIPS and Science Act awards in a confirmation hearing on Wednesday.
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