In a bid to avert a looming crisis, senior officials from Taiwan’s Ministry of Economic Affairs (MOEA) are heading to Washington for discussions with President Trump’s team. This strategic journey aims to counteract the potential implementation of a staggering 100 percent tariff on chips manufactured in Taiwan. Economics Minister Kuo Jyh-huei revealed this initiative just prior to a significant forum in Taipei, as tensions rise in anticipation of Trump’s forthcoming tariff announcements on various countries.
The delegation, including Deputy Minister Cynthia Kiang and Chen Pei-li from the Industrial Development Administration, underscores Taiwan’s commitment to clarify its position on intellectual property rights. Minister Kuo passionately articulated that Taiwan has never infringed on U.S. technologies, highlighting a historical contract with Radio Corporation of America from the 1970s as proof of their commitment to fair practices in the semiconductor sector.
Kuo further asserted that Taiwan is an invaluable ally of the United States, particularly emphasizing the interdependence of U.S. firms and Taiwan Semiconductor Manufacturing Company (TSMC), the globe’s leading chip producer. This partnership is critical as both economies rely heavily on one another for technological advancements and production capabilities.
In contrast, some experts express skepticism about the efficacy of Taiwan’s diplomatic strategy. Hsieh Chin-ho, chairman of Wealth Magazine, voiced doubts regarding the potential impact of sending officials, suggesting that TSMC should instead extend an invitation to Trump for a visit to their Arizona factory. This gesture could serve as a reminder of the U.S. invitation that originally facilitated the factory’s establishment, thereby reinforcing their collaborative relationship.
Taiwan’s Ministry of Economic Affairs is sending officials to the U.S. to prevent a potential 100% tariff on chips. Minister Kuo emphasizes the importance of clarifying Taiwan’s ethical practices regarding technology transfer and highlights the interdependence between TSMC and U.S. companies. However, some experts doubt the effectiveness of this approach and suggest that TSMC should invite Trump to their Arizona facility instead.
Taiwan’s economic officials have embarked on a crucial mission to negotiate with Trump’s administration, aiming to prevent severe tariffs on their semiconductor exports. Emphasizing their commitment to legal technology acquisition and a robust alliance with the U.S., the officials hope to demonstrate Taiwan’s strategic importance in the global chip market. As skepticism lingers, alternative strategies are suggested to enhance TSMC’s position in this unfolding trade narrative.
Original Source: focustaiwan.tw
