Taiwan considers support for semiconductor industry after Trump’s tariff threat
Premier Cho Jung-tai has said the island’s government will look for ways to maintain the island’s ‘leading position’
Premier Cho Jung-tai said on Wednesday the government was watching for developments and holding emergency discussions.
“In a day or two, we will urgently examine whether we should offer more cooperation plans and assistance to the industry,” he told the official Central News Agency during a temple visit to mark the first day of the Lunar New Year.
In a later statement he added that the government would make every effort to promote international collaboration to “maintain Taiwan’s leading position” in the industry and global supply chain.
“We are going to be placing tariffs on foreign production of computer chips, semiconductors and pharmaceuticals to return production of these essential goods to the United States of America,” Trump said.
“They left us and they went to Taiwan, which is about 98 per cent of the chip business … We want them to come back and we don’t want to give them billions of dollars.”