U.S. President Donald Trump's threat to impose tariffs of up to 100 percent on Taiwan's semiconductor industry has sent shockwaves through the Silicon Island. Newsweek reached out to the State Department and Taiwan's Foreign Ministry with emailed requests for comment.
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.
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,
While the tariffs aim to boost domestic manufacturing, they are unlikely to divert production from Asia immediately.
Donald Trump called for tariffs on foreign computer chips, semiconductors, and pharmaceuticals from places like Taiwan in the near future.
President Trump said in the "very near future" he will impose tariffs on steel, aluminum, copper, semiconductors, pharmaceuticals and other imports.
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.
Japanese Prime Minister Shigeru Ishiba and President Donald Trump will discuss the Indo-Pacific region and bilateral support between Japan and the United States on Feb. 7.
When Marco Rubio arrives in Latin America this weekend on his first foreign trip as Donald Trump's secretary of state, he'll find a region reeling from the new administration's shock-and-awe approach to diplomacy.