Ben Jiang
US President Donald Trump lashed out at Taiwan for undermining the US chip sector, sparking renewed unease in the global semiconductor industry despite the island’s earlier pledge to invest heavily in the US. “Taiwan came [into the chip sector and] they stole our chip business,” Trump said in a press conference on Saturday following the US Supreme Court’s ruling that he had exceeded his authority by imposing sweeping tariffs under a law designated for national emergencies.
Trump directed his ire at Taiwan’s chip industry after the Supreme Court ruled in a 6-3 decision that his import tariffs violated the 1977 International Emergency Economic Powers Act, invalidating many of his tariffs. Trump has repeatedly claimed in the past that Taiwan stole the US’ chip business. Earlier this year, Taiwan committed to invest US$500 billion in return for lower tariffs of 15 per cent from 20 per cent.
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