The Financial Times has reported that Taiwan has agreed to give support to the US chip industry in exchange for lower tariffs, with a source suggesting Taiwan could invest up to US$400 billion.
00:00The Financial Times says Taiwan has agreed to give support to the U.S. chip industry in exchange for lower tariffs.
00:08The head of Taiwan's National Science and Technology Council told the paper that the two sides had reached the consensus,
00:14adding the U.S. will not, quote, punish Taiwan.
00:17Another U.S. official suggested to the FT that Taiwan may agree to investment in the United States of around $400 billion U.S. dollars.
00:25The report comes amid talks to lower the 20 percent tariffs the U.S. has imposed on Taiwan.
00:31It also comes in the midst of a U.S. national security investigation that can result in tariffs on Taiwan's semiconductor sector, which is currently exempted.
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