Taiwan Trade Negotiator Says No to US Plan To Split Chip Production

Taiwan will not agree to split chip production 50-50 with the US, Taipei's chief tariff negotiator with Washington says.

Transcript

00:00Taiwan will not agree to a U.S. proposal to take over half of its chip production, that's

00:05according to Chief Trade Negotiator Chen Lijun.

00:08That came after U.S. Commerce Secretary Howard Lutnick said over the weekend that Washington

00:12wants to work out a 50-50 split in chip manufacturing.

00:16Chen says this proposal did not come up during her most recent U.S. trip.

00:21She says those discussions focused instead on reducing the blanket 20 percent tariff

00:24on Taiwanese goods and getting better treatment for certain products.

00:28Currently, Taiwan produces the vast majority of the world's most advanced chips.

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00:49Laura Reduard

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