💨 Abstract

Taiwan's President Lai Ching-te announced that Taiwan will not impose reciprocal trade tariffs against the U.S., instead, it will remove trade barriers and gradually increase investments in the U.S. President Trump announced tariffs on Taiwanese products, but semiconductors, a major Taiwanese export, are exempt. Taiwanese company TSMC has already announced an additional $100 billion investment in the U.S.,

Courtesy: theprint.in

Summarized by Einstein Beta 🤖