NDC Head Says TSMC To Avoid Heavy US Tariffs, Leaving Post

TaiwanPlus News

National Development Council Minister Liu Chin-ching told Nikkei Asia that chipmaking giant TSMC won't be hit hard by US tariffs, and that 75% of Taiwan's total exports would remain unaffected. Liu also announced he would be leaving his post on Aug. 29, citing health reasons. His departure comes amid a major Cabinet reshuffle.

Transcript

00:00Taiwanese chip-making giant TSMC won't be hit hard by steep tariffs on imported chips

00:06threatened by U.S. President Donald Trump.

00:08That's according to the head of Taiwan's National Development Council.

00:12In an interview with Japanese media outlet Nikkei Asia, NDC Minister Liu Jingqing said

00:17that TSMC's investments in U.S. manufacturing will mostly keep Trump's tariffs at bay.

00:22The company has pledged a US$165 billion investment in its U.S. facilities, which may exempt it

00:29from import duties.

00:31Liu also said that 75% of Taiwan's exports would be unaffected by U.S. tariffs.

00:36Following his interview, Liu announced he is leaving his post at the end of the week, citing

00:41health reasons.

00:42He is one of the Cabinet members stepping down as part of the reshuffle.

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