Ever heard of $250B? That's the eye-popping amount Taiwan's chip & tech firms will pour into U.S. production capacity, with Taiwan authorities matching the credit guarantee 🤯. The U.S. Department of Commerce announced this big deal recently, promising to cut "reciprocal" tariffs from 20% to 15% in return.
But not everyone's cheering. The Taiwan Affairs Office of the State Council of the Chinese mainland called it "trade bullying," saying the U.S. is using tariffs as a weapon to push Taiwan into mega-investments that could risk its key industries.
Here's the breakdown:
- $250B pledge: Taiwan chipmakers will build more factories in the U.S.
- Tariff cut: From 20% down to 15% on Taiwan exports.
- Credit guarantee: Taiwan authorities match the U.S. with $250B in credit support.
So what's at stake? On one hand, huge investments could boost jobs and tech transfer in the U.S. On the other, the Taiwan Affairs Office warns that relying too much on U.S. incentives might expose Taiwan's home market to risks—think supply chain shocks or falling behind in homegrown innovation.
Financially savvy entrepreneurs and investors will be watching: is this a win-win or a high-stakes gamble? 🌐💼
Stay tuned as this story unfolds, and tag a friend who loves tech drama! 🚀
Reference(s):
Taiwan Affairs Office slams US 'trade bullying' over chip investments
cgtn.com
