Taiwan VP declares that U.S. deal won’t erode island’s chip industry — says Section 232 tariffs won't apply, ‘the U.S. will grant Taiwan the most favorable treatment: zero tariffs within the quota’
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Verdict: Taiwan's Vice Premier assures that a U.S. deal won't damage Taiwan's chip industry, anticipating favorable tariff treatment.
⚡ Quick Hits
- Taiwan aims to partner with the U.S. in AI development.
- The goal is to establish a high-tech supply chain for democratic nations.
- Taiwan expects zero tariffs within quota under the U.S. deal.
Taiwan VP Confident U.S. Deal Won't Hurt Chip Industry
Taiwan's Vice Premier Cheng Li-chiun has stated that a deal with the U.S. is not expected to erode the island's crucial chip industry. In fact, she anticipates favorable treatment, stating that Section 232 tariffs won't apply, and "the U.S. will grant Taiwan the most favorable treatment: zero tariffs within the quota."
The Vice Premier also expressed Taiwan's desire to partner with the U.S. in the burgeoning field of Artificial Intelligence. She hopes that both parties can collaborate effectively "to build a high-tech supply chain for the democratic camp," further solidifying Taiwan's position as a key player in the global technology landscape.
*Source Intel: Read Original*
