Trump says TSMC faced up to 100% tax if it did not build in US; Taiwan hopes for quick US agreement on tariffs
Taiwan
President Donald Trump on Tuesday (Apr 8) said he told the Taiwan Semiconductor Manufacturing Company, which has pledged to build new factories in the United States, it would pay a tax of up to 100 per cent if it did not build its plants in the country. Speaking at a Republican National Congressional Committee event, Trump criticised former President Joe Biden's administration for providing a US$6.6 billion grant to TSMC's US unit for semiconductor production in Phoenix, Arizona, saying
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