Trump Team Nears Taiwan Trade Deal With More US Chip Investment

The Trump administration is nearing a trade deal with Taiwan that would involve lowering US tariffs on Taiwanese goods and a significant expansion of Taiwan Semiconductor Manufacturing Co.'s (TSMC) planned investment in chip production facilities in the US. According to sources, the deal would reduce American tariffs on Taiwanese products and see TSMC, the world's largest contract chipmaker, increase its planned investment in the US. This move is aimed at strengthening economic ties between the US and Taiwan, while also bolstering American semiconductor production capabilities. The potential agreement comes amidst ongoing trade tensions between the US and China, and reflects the Trump administration's efforts to diversify supply chains and reduce reliance on Chinese technology. The expansion of TSMC's US operations is also seen as a strategic move to counter China's growing dominance in the global semiconductor industry.