Taiwan to simulate impact of US tariffs on semiconductor sector

Taiwan will simulate the impact of any U.S. tariffs on the semiconductor industry and seek talks with Washington on the issue, the island’s economy minister said on Tuesday.

The Trump administration is probing the import of chips, along with pharmaceuticals, in a bid to impose tariffs on both on grounds that extensive reliance on foreign production of semiconductors and medicine is a national security threat.

The United States relies heavily on chips imported from Taiwan, a reliance former President Joe Biden sought to end during his term by granting…