Semiconductor business between Taiwan and the United States is a "win-win" model for both sides given the high level of complementarity, the government said on Tuesday in response to tariff threats from U.

Taiwan's government will soon look at whether it needs to help its domestic industry over threats by U.S. President Donald Trump to put tariffs on semiconductors, Premier Cho Jung-tai said on Wednesday.

Though the United States is the global leader in designing chips, the vast majority of chip production happens overseas, particularly in U.S.-ally Taiwan.

Donald Trump called for tariffs on foreign computer chips, semiconductors, and pharmaceuticals from places like Taiwan in the near future.

The island’s ruling elite views Trump’s trade war with China favorably, believing that it stands to gain from US-China competition by deepening economic and military ties with the US imperialist bourgeoisie.

Trump term mean for Taiwan, especially with a Republican-controlled Congress? After Trump was elected in 2016, he initially tried to use Taiwan to gain leverage over Beijing. After taking a congratulatory call from then-Taiwan president Tsai Ing-wen,

While the tariffs aim to boost domestic manufacturing, they are unlikely to divert production from Asia immediately.

President Trump said in the "very near future" he will impose tariffs on steel, aluminum, copper, semiconductors, pharmaceuticals and other imports.

LIVE: Markets in Indian are poised to open on a flat note with a positive bias, following a lower close on Wall Street overnight after the US Fed held interest rates steady on Wednesday

President Donald Trump’s pick to lead the agency in charge of a $52 billion semiconductor subsidy program declined to give it unqualified support, raising questions about the disbursement of funds to companies like Intel Corp.

Welcome back to another edition of My Take 5, your weekly round-up of top international news. Last week was dominated by Trump, Trump & Trump. Not surprising given that the 47th US President has returned with a bang and promised to shake things up.