Taiwan set to avoid ‘punishing’ 300% tariffs on semiconductor exports, says report — new trade deal could spur $400 billion investment commitment from island nation

Taiwan National Science and Technology Council Minister Wu Cheng-wen said that the U.S. is not pushing through with its threat of a 300% tariff on chips, at least for those coming from the island. According to the Financial Times, Taiwan is currently finalizing a trade deal with the U.S. while awaiting the results of the U.S. Department of Commerce’s Section 232 investigation. At the moment, U.S. President Donald Trump has applied a 20% tariff on Taiwanese goods, except for semiconductor…