TAIPEI (Reuters) — Taiwan’s President Lai Ching-te engaged with technology leaders on Saturday to strategize on adapting to the newly imposed U.S. tariffs, pledging to enhance Taiwan’s international competitiveness and protect the island’s interests.
President Donald Trump declared comprehensive import tariffs on Wednesday… Notably, the U.S. tariffs do not affect semiconductors, which are a crucial export for Taiwan.
Lai convened the executives at his official residence to address “the global economic and trade challenges stemming from the reciprocal tariff policy,” as stated by his spokesperson, Karen Kuo.
Kuo did not specify which companies attended, mentioning only that various representatives from the information and communications technology (ICT) sector were involved.
Lai “aims to provide maximum support to the industry, stabilize the economic environment, ensure the global competitiveness of Taiwan’s industry, and protect our national interests while promoting steady economic advancement,” Kuo added.
Taiwan is home to TSMC, the leading contract chip manufacturer globally and a key supplier for major companies like Apple and Nvidia.
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