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.
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.
While the tariffs aim to boost domestic manufacturing, they are unlikely to divert production from Asia immediately.
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,
Hours after Donald Trump’s chilly inauguration in Washington, Taiwan’s parliament voted to freeze billions of dollars in defense spending, in a move some worry could frustrate the famously transactional president,
The island’s ruling elite views Trump’s trade war with China favorably, believing that it stands to gain from US-China competition by deepening economic and military ties with the US imperialist bourgeoisie.
The former vice president has become a spokesman for traditional conservatism in the Republican Party, clashing with the dominant MAGA populists.
President Trump said in the "very near future" he will impose tariffs on steel, aluminum, copper, semiconductors, pharmaceuticals and other imports.
U.S. officials have long called on Taiwan to dramatically boost its defense spending as the power gap across the Taiwan Strait grows.