💨 Abstract

Taiwan's economy minister has dispatched officials to the U.S. to discuss potential tariffs by President Trump, following accusations that Taiwan stole American semiconductor business. Trump plans to announce tariffs on many economies, a significant escalation of trade tensions. Taiwan, home to TSMC (world's largest contract chipmaker), is making preparations for any U.S. tariffs and will explain the chip industry's cooperation with U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖