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President Donald TrumpTaiwan’s government is negotiating a trade deal with Taiwan that could allow the self-governing island to renew its investments in semiconductors and other cutting-edge technology in the US, according to a new report.
The potential deal, reported by Reuters, would also see major Taiwanese chipmakers such as TSMC expand their US operations and train more American workers. In return, the technology investment would contribute to a larger deal that would see the Trump administration lower the current 20% tariff level on other Taiwanese goods.
The White House however, has remained silent about possible negotiations.
“Until President Trump reports it, reporting on potential trade deals is speculation,” White House spokesman Kush Desai told Reuters.
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A new trade deal with Taiwan could allow TSMC to increase its investments in the US (Photographer: Mike Kai Chen/Bloomberg via Getty Images/Getty Images)
The low-key talks with Taiwan come amid weeks of heightened tensions around the island, after Japanese Prime Minister Sanae Takaichi issued a full-throated defense of Taiwan’s independence earlier this month, suggesting that any attack by Beijing on Taiwan would warrant a military response from Japan.
Although she later softened her statement, Chinese officials were quick to take umbrage because Beijing has long regarded Taiwan as part of its territory and reunification with the mainland as an “internal” matter.
Chinese officials responded by summoning the Japanese ambassador and warning Chinese citizens not to travel to Japan. The Chinese Ministry of Defense also vowed that any Japanese intervention would be ineffective in protecting Taiwan.
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President Donald Trump has tried to use tariffs to push through trade deals around the world. (Aaron Schwartz/CNP/Bloomberg via Getty Images/Getty Images)
The most vicious response came from The Chinese Consul General in Osakawho appeared to threaten to behead Takaichi in a now-deleted social media post.
The official, Xue Jian, wrote: “That filthy neck that rushed in on its own – I have no choice but to cut it off without a moment’s hesitation. Are you prepared for that?”
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Chinese president Xi Jinping also raised Taiwan earlier this week during a phone call with President Donald Trump. China’s Foreign Ministry said he “underlined that Taiwan’s return to China is an integral part of the post-war international order.”
