Taiwan has sent officials to Washington to discuss potential U.S. tariffs, Economy Minister Kuo Jyh-huei confirmed. This follows concerns that President Donald Trump may impose tariffs on imported semiconductors, targeting Taiwan’s booming chip industry. Taiwan is home to TSMC, the world’s largest contract chipmaker, and a key player in the global semiconductor market.
Trump, who has accused Taiwan of taking U.S. semiconductor business, announced plans to impose reciprocal tariffs on multiple economies, with details expected soon. Taiwan, running a large trade surplus with the U.S., saw its exports surge 83% last year to a record $111.4 billion, largely driven by semiconductor shipments.
To address the issue, Taiwan dispatched a deputy minister and a deputy section chief to Washington. Kuo emphasized that these officials will explain the importance of Taiwan’s chip industry to U.S. policymakers, highlighting the "win-win" relationship between both nations.
Taiwan is also considering increasing U.S. energy imports to balance trade relations. Kuo pointed to Japan’s move to boost liquefied natural gas (LNG) imports from the U.S. as a potential model. Currently, Taiwan relies on Australia and Qatar for most of its LNG needs.
As trade tensions escalate, Taiwan aims to maintain its strong partnership with the U.S. while safeguarding its vital semiconductor industry.