The Taiwan government has announced a plan to offer local companies and industries approximately $ 2.7 billion to support the effects of new US customs. The United States should apply a 32% degree to Taiwanese imports, even if they have exempted the semiconductors.
Taiwan is a large semiconductor center, with over 90% of the world’s most advanced chips in the country.
US President Donald Trump complained that Taiwan “stole” the American semiconductor industry. More recently, Trump softened his tone on Taiwan after the announcement of Taiwan Semiconductor Manufacturing Co. of an investment of $ 100 billion in the United States.
In a statement on Thursday, following the announcement of Trump’s tariff, Taiwan’s Customs Customs classified as “very irrational.”
Taiwan’s spokeswoman Lee Hui-chih said that customs do not reflect the actual economic and commercial relationship between the two economies.
Taiwan will start formal negotiations with Washington on the issue, she added in a statement.
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Source: Dow Jones Newswires