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Taiwan at risk from proposed US chip tariffs: Think tank
August 04, 2025
|The Business Guardian
Taiwan is bracing for a significant economic challenge as US President Donald Trump threatens to impose a tariff on semiconductors, according to the Chung-Hua Institution for Economic Research (CIER), reported by Focus Taiwan.
Semiconductor industry is central to the island's exports and overall economy. Information and communication technology (ICT) products account for over 70 percent of Taipei's exports to the United States, according to the CIER.
CIER President Lien Hsien-ming told CNA on Friday that Taiwan's dependence on semiconductors is notably higher than that of other countries. "He said compared with other countries, the semiconductor industry carries a heavier weighting for Taiwan in terms of industrial and economic development.
In 2024, Taiwan recorded a trade surplus of USD 73.9 billion with the United States, up from USD 47.8 billion in 2023, largely driven by strong American demand for AI servers and semiconductors during the ongoing artificial intelligence boom."
هذه القصة من طبعة August 04, 2025 من The Business Guardian.
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