President Trump to negotiate Taiwan trade deal including semiconductor investment
Former Deputy National Security Adviser Victoria Coates joins “Morning with Maria” to break down President Donald Trump’s Ukraine peace push, China’s expansion, Japan’s growing role, and renewed U.S. pressure on Hamas and Venezuela.
President Donald Trump’s administration is negotiating a trade deal with Taiwan that could see the autonomous island resume investment in semiconductors and other advanced technologies in the United States, according to a new report.
A potential agreement reported by Reuters would also see major Taiwanese chip makers like TSMC expand their operations in the United States and further train American workers. In return, the technology investment would contribute to a larger agreement in which the Trump administration would reduce the current 20% tariff level on other Taiwanese products.
However, the White House has remained silent on the possibility of negotiations.
White House Press Secretary Khush Desai told Reuters: “Until President Trump makes an announcement, any reports of a potential trade deal are speculation.”
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New trade deal with Taiwan could lead TSMC to step up investments in the US (Photographer: Mike Kai Chen/Bloomberg via Getty Images/Getty Images)
The quiet talks with Taiwan came amid weeks of heightened tensions around the island after Japanese Prime Minister Sanae Takaichi came out in full defense of the island. independence of taiwan Earlier this month, he suggested that Japan would need to respond militarily if Beijing attacked Taiwan.
Although she later softened her remarks, Chinese officials were soon enraged because Beijing has long considered Taiwan to be part of its territory and unification with the mainland is an “internal” matter.
In response, Chinese authorities summoned the Japanese ambassador and warned Chinese citizens not to travel to Japan. China’s Ministry of Defense has also made it clear that any Japanese intervention will be ineffective in protecting Taiwan.
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President Donald Trump is using tariffs to push for trade deals around the world. (Aaron Schwartz/CNP/Bloomberg via Getty Images/Getty Images)
The most egregious reactions are: Consul General of China in Osakain a now-deleted social media post, appeared to threaten to decapitate Takaichi.
Official Xue Jian wrote, “I have no choice but to cut off that filthy head that thrusts at me without a moment’s hesitation.Are you prepared for that?”
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Chinese President Xi Jinping also mentioned Taiwan in a phone conversation with President Donald Trump earlier this week. China’s Foreign Ministry said he “stressed that Taiwan’s return to China is an integral part of the postwar international order.”
