Taiwan and U.S. Eye Strategic High-Tech Partnership Amid Tariff Talks

Taiwan is considering establishing a strategic high-tech partnership with the United States, according to the island's top tariff negotiator. The U.S. aims to increase Taiwanese investment while reducing existing tariffs on Taiwanese exports, currently set at 20%.

Taiwan's Vice Premier Cheng Li-chiun, guiding the tariff negotiations, expressed optimism about fostering a 'Taiwan model' for industrial investment planning in the U.S. This plan emphasizes extending U.S. production capabilities rather than shifting supply chains, supported by government measures like export credit guarantees.

The recent talks, however, did not involve TSMC, the leading contract chipmaker. Cheng clarified that a proposition mentioned in U.S. media regarding a 50-50 chip production split was not discussed, reaffirming Taiwan's commitment to enhancing global cooperation while focusing on domestic industry stability.

(With inputs from agencies.)