Taiwan Plans Support for Semiconductor Industry Amid Trump Tariff Threats

In response to U.S. President Donald Trump's proposed tariffs on imported semiconductors, Taiwan's government emphasized the importance of its semiconductor industry as a key player in the global tech supply chain. Premier Cho Jung-tai stated that Taiwan is monitoring the situation and may introduce more support for its domestic industry, home to the world-leading Taiwan Semiconductor Manufacturing Co. (TSMC). Trump’s tariffs aim to incentivize production within the U.S. by imposing potentially steep taxes on foreign semiconductor imports. Despite these threats, Taiwan's economy minister expressed confidence in the country's technological superiority, anticipating minimal impact from the tariffs. The bilateral trade relationship remains strong, with Taiwan's trade surplus with the U.S. increasing significantly last year, driven by semiconductor demand. The Taiwanese government remains committed to fostering cooperation with the U.S. to maintain its leadership in high-tech fields.