The U.S. tariffs, however, do not apply to semiconductors, a major Taiwanese export.
“Tariff negotiations can start with ‘zero tariffs’ between Taiwan and the United States, with reference to the U.S.-Canada-Mexico free trade agreement,“ Lai said.
“In the future, in addition to TSMC’s increased investment, other industries, such as electronics, information and communications, petrochemicals, and natural gas will be able to increase investment in the U.S. and deepen Taiwan-U.S. industrial cooperation,“ Lai said.
“All purchases will be actively pursued,“ Lai said.
The U.S. is Taiwan’s most important international backer and main source of arms, despite the lack of formal diplomatic ties.
Lai said that Taiwan has faced major global crises before and came through those.
“Not only have we been able to overcome the difficulties, but we have also been able to turn crises into opportunities, transforming the Taiwanese economy into a new and more resilient one,“ he added.
Read More Details
Finally We wish PressBee provided you with enough information of ( Taiwan eyes zero tariffs with US, pledges more investment )
Also on site :