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April 15, 2025
Taiwan’s government has initiated simulations to assess the potential impact of proposed U.S. tariffs on its semiconductor industry. Economy Minister Kuo Jyh-huei has announced that the simulations will assess how these tariffs might impact Taiwan’s chip industry and prepare for talks between Taiwan, China, and the U.S. to ensure fair competition .
It is believed that the U.S. administration is considering imposing tariffs against imported pharmaceuticals and semiconductors in light of national security issues due to its dependence on foreign manufacturing. Even though semiconductors are exempt from the 32% tariff for the rest of Taiwan’s exports, there’s a worry that the tariffs of the future may include chips .
Lai Ching-te, the president of Taiwan, has stated that the initial stage of tariff negotiations between Taiwan and the U.S. has gone smoothly. The U.S. has proceeded “smoothly,” declaring his optimism for the strengthening of economic ties with these talks .
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s leading maker of chip contracts, has announced an investment of an additional $100 billion within the U.S., aiming to boost chip production in the United States and to maintain solid economic ties between the two countries amid changing trade policies .
Taiwan is proactively assessing the potential impact of U.S. tariffs on its semiconductor industry and has engaged with the U.S. in diplomatic efforts to minimize any negative impacts.
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