financetom
Technology
financetom
/
Technology
/
Taiwan sends officials to US to discuss possible Trump tariffs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Taiwan sends officials to US to discuss possible Trump tariffs
Feb 7, 2025 11:52 PM

TAIPEI, Feb 8 (Reuters) - Taiwan has sent officials to

Washington to discuss possible U.S. tariffs by President Donald

Trump, and has made preparations should they be imposed, Economy

Minister Kuo Jyh-huei said on Saturday.

Tech firms in Taiwan, home to the world's largest contract

chipmaker TSMC, face the possibility Trump will follow

through on threats to put tariffs on imported chips after he

accusing Taiwan during last year's campaign of having stolen

American semiconductor business.

Trump said on Friday he plans to announce reciprocal tariffs

on many economies by Monday or Tuesday, a major escalation of

his offensive to reshape global trade relationships in ways he

considers to be in America's favour.

Speaking to reporters in Taipei, Kuo said the ministry has

made preparations for any U.S. tariffs, declining to give

details.

Asked about chip tariffs, Kuo said he had dispatched a

deputy minister and a deputy section chief to Washington. He did

not identify them or offer further details.

They will "as much as possible give some rather good

explanations to Trump's people" about Taiwan's chip industry, he

added, without elaborating. "Taiwan is the United States' best

partner."

Taiwan has repeatedly said its chip sector and U.S.

companies have "win-win" cooperation.

But Taiwan runs a large trade surplus with the United

States, which surged 83% last year, with the island's exports to

the U.S. hitting a record $111.4 billion, driven by demand for

high-tech products such as semiconductors.

Kuo suggested Taiwan could follow Japan's example and import

more U.S. energy.

"In reference to Japan, he has great determination when it

comes to energy," he said, referring to Trump. "We hope we can

satisfy U.S. demands when it comes to this."

Japan will soon begin importing a record amount of U.S.

liquefied natural gas, Trump said on Friday after talks with

Japanese Prime Minister Shigeru Ishiba.

Australia and Qatar are currently Taiwan's main suppliers of

LNG.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Nokia, Telia Break Ground With Live 5G Slice Trial Across Three Nations For Defense Operations
Nokia, Telia Break Ground With Live 5G Slice Trial Across Three Nations For Defense Operations
Apr 9, 2025
Nokia Corporation , Telia, and the Finnish Defense Forces completed the world's first successful 5G standalone slice handover across multiple countries on a live network on Wednesday. The trial was made possible by Nokia's ( NOK ) advanced 5G Core Software as a Service (SaaS) and AirScale 5G base stations, powered by ReefShark System-on-Chip technology, integrated with Telia's commercial network....
Factbox-Companies eye US expansion to lessen fallout from tariffs
Factbox-Companies eye US expansion to lessen fallout from tariffs
Apr 9, 2025
(Reuters) -Some companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the costs of President Donald Trump's sweeping tariffs. Below are some of the plans companies have flagged, in alphabetical order. CAMPARI The Italian spirits group is assessing the opportunities to expand its production in the U.S. without losing...
In Myanmar, internet shutdowns hinder earthquake aid response
In Myanmar, internet shutdowns hinder earthquake aid response
Apr 9, 2025
BANGKOK (Thomson Reuters Foundation) - More than a week since a 7.7 magnitude earthquake struck Myanmar, turning buildings into concrete mortuaries where many of the 3,500 confirmed casualties still lie entombed, families do not yet know whether loved ones are among them. That, in large part, is due to a lack of internet access that local residents and humanitarians say...
US Senate panel votes to advance Trump nominee to oversee $42 billion government broadband internet fund
US Senate panel votes to advance Trump nominee to oversee $42 billion government broadband internet fund
Apr 9, 2025
WASHINGTON (Reuters) -The U.S. Senate Commerce Committee voted 15-13 along party lines Wednesday to advance the Trump administration's nominee to oversee a $42 billion government fund to bring high-speed broadband internet to unserved parts of America. Arielle Roth, who has been nominated to head the Commerce Department's National Telecommunications and Information Administration, at a Senate hearing last month denied that...
Copyright 2023-2025 - www.financetom.com All Rights Reserved