...The tack in the backside of the Democratic Party...'s new tariffs.
| Making Taiwan a less attractive and lucrative prospective conquest for China? And ensuring that the Taiwanese citizenry have an income stream far from China’s reach no matter what happens? Clever. |
Taiwan, whose companies are key producers of tech products such as semiconductors and electronics parts, is vulnerable given that many have factories in both Mexico and China and because Trump has also threatened tariffs on imported chips.
Taiwan's economy ministry, in a statement detailing measures to help companies affected by the new U.S. tariffs, said it will provide information for firms that want to relocate, such as possible U.S. states to invest in, local laws and assistance in finding partners.
The government's Industrial Technology Research Institute branches in North America will also actively promote research and development and manufacturing cooperation between Taiwanese and U.S. companies, it added.
The ministry said it will continue to pay close attention to changes in international trade and maintain communication with companies to provide them with "the most timely support and assistance to ensure that they find the best strategies to cope with the changes".
Taiwan's marquee investment in the United States is $65 billion from chipmaker TSMC (2330.TW), opens new tab to build factories in Arizona, a plan begun in 2020 under Trump's first administration.