Economics officials to meet with Trump's team to avoid 100% tariff on chips - Focus Taiwan
Posted: Feb 09, 2025
- Officials from the Ministry of Economic Affairs in Taiwan are visiting Washington to prevent potential 100% tariffs on Taiwan chips
- The goal of the visit is to clarify that Taiwan has not stolen US chips or technology
- Taiwan Semiconductor Manufacturing Co. (TSMC) is a key partner for US companies
- President Donald Trump has threatened to impose tariffs on Taiwan to bring chip production to the US
- Suggestions have been made for TSMC to play a more pivotal role, such as inviting Trump to its wafer fab in Arizona.
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - Comments reflect significant concerns about the negative economic impact of the proposed tariffs, skepticism about the motivation and logic behind it, and some view it as detrimental to US-Taiwan relations. Summarized comments: - There is concern about a proposed 100% tariff on Taiwan chips, which are essential for modern hardware - Many commenters believe this move could negatively impact the US, as most NVIDIA chips are manufactured by TSMC - There is skepticism about the logic behind the tariff and its impact on the US economy - Some see it as a strategy that benefits the wealthy by replacing income tax with tariffs - The US needs to maintain strong relations with Taiwan, rather than impose tariffs - The tariff could lead to businesses relocating data centers to avoid high costs - Some believe it's part of a manipulated strategy where initial announcements cause market dips followed by retractions Stock tickers discussed: $NVDA, $TSM
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