Taiwan has “never made any commitment to a 50-50 split on manufacturing chips, and would not agree to such terms,” Vice Premier Cheng Li-chiun (鄭麗君) said this morning, returning from a fifth round of in-person tariff negotiations with the US.
US President Donald Trump’s administration wants Taiwan to adopt a “50-50 split” on semiconductor manufacturing, with half of the chips used in the US to be made domestically, US Secretary of Commerce Howard Lutnick said in an interview with NewsNation on Sunday.
The concept differs from the current investment direction being discussed under negotiations regarding supply chain cooperation, the Cabinet said.
Photo: CNA
As the US expands its investigation into the semiconductor market under Section 232 of the US Trade Expansion Act of 1962, paving the way for potential tariffs on semiconductors, Taiwan is seeking reductions to Trump’s “reciprocal” tariffs and preferential treatment related to Section 232, the Executive Yuan said today in a statement.
The White House’s provisional 20 percent tariff on Taiwanese goods was implemented on Aug. 7, although negotiations remain ongoing.
The tariff negotiation team returned to Taiwan this morning, with the delegation led by Cheng, along with Minister Without Portfolio and Chief Trade Negotiator Yang Jen-ni (楊珍妮), who leads the Executive Yuan's Office of Trade Negotiations, and members of the Ministry of Economic Affairs.
The group held in-person meetings in Washington with the Office of the United States Trade Representative and the US Department of Commerce, with “some progress made,” the Cabinet said.
Once the two sides reach a consensus on tariffs, Section 232 preferential treatment and supply chain cooperation, a concluding meeting would be held to finalize a Taiwan-US trade agreement, the team said.
Beijing could eventually see a full amphibious invasion of Taiwan as the only "prudent" way to bring about unification, the US Department of Defense said in a newly released annual report to Congress. The Pentagon's "Annual Report to Congress: Military and Security Developments Involving the People's Republic of China 2025," was in many ways similar to last year’s report but reorganized the analysis of the options China has to take over Taiwan. Generally, according to the report, Chinese leaders view the People's Liberation Army's (PLA) capabilities for a Taiwan campaign as improving, but they remain uncertain about its readiness to successfully seize
HORROR STORIES: One victim recounted not realizing they had been stabbed and seeing people bleeding, while another recalled breaking down in tears after fleeing A man on Friday died after he tried to fight the knife-wielding suspect who went on a stabbing spree near two of Taipei’s busiest metro stations, Taipei Mayor Chiang Wan-an (蔣萬安) said. The 57-year-old man, identified by his family name, Yu (余), encountered the suspect at Exit M7 of Taipei Main Station and immediately tried to stop him, but was fatally wounded and later died, Chiang said, calling the incident “heartbreaking.” Yu’s family would receive at least NT$5 million (US$158,584) in compensation through the Taipei Rapid Transit Corp’s (TRTC) insurance coverage, he said after convening an emergency security response meeting yesterday morning. National
Taiwan has overtaken South Korea this year in per capita income for the first time in 23 years, IMF data showed. Per capita income is a nation’s GDP divided by the total population, used to compare average wealth levels across countries. Taiwan also beat Japan this year on per capita income, after surpassing it for the first time last year, US magazine Newsweek reported yesterday. Across Asia, Taiwan ranked fourth for per capita income at US$37,827 this year due to sustained economic growth, the report said. In the top three spots were Singapore, Macau and Hong Kong, it said. South
PLANNED: The suspect visited the crime scene before the killings, seeking information on how to access the roof, and had extensively researched a 2014 stabbing incident The suspect in a stabbing attack that killed three people and injured 11 in Taipei on Friday had planned the assault and set fires at other locations earlier in the day, law enforcement officials said yesterday. National Police Agency (NPA) Director-General Chang Jung-hsin (張榮興) said the suspect, a 27-year-old man named Chang Wen (張文), began the attacks at 3:40pm, first setting off smoke bombs on a road, damaging cars and motorbikes. Earlier, Chang Wen set fire to a rental room where he was staying on Gongyuan Road in Zhongzheng District (中正), Chang Jung-hsin said. The suspect later threw smoke grenades near two exits