TAIPEI (Reuters) — On Saturday, Taiwan President Lai Ching-te convened with technology executives to strategize on navigating the new U.S. tariffs, vowing to maintain Taiwan’s global competitiveness and protect the island’s interests.
President Donald Trump introduced sweeping import tariffs on Wednesday. However, these tariffs do not extend to semiconductors, which are a key export for Taiwan.
Lai engaged with the executives at his official residence, addressing the challenges posed by “the global economic and trade issues driven by the reciprocal tariff policy,” as stated by his spokesperson, Karen Kuo.
Kuo did not disclose the names of the attending companies, but noted that multiple representatives from the information and communications technology (ICT) sector were present.
According to Kuo, Lai aims to provide maximum support to the industry, stabilize the economic landscape, ensure the global competitiveness of Taiwan’s industries, and protect the nation’s interests while fostering ongoing economic progress.
Taiwan is home to TSMC, the largest contract chip manufacturer globally, serving major clients such as Apple and Nvidia.
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