Part 3/12:
Amidst Trump’s renewed focus on tariffs, Taiwan and South Korea find themselves as central figures due to their dominance in semiconductor production, particularly with Taiwan holding a commanding 60% market share. Trump’s recent proposal of up to 100% tariffs on semiconductors manufactured in Taiwan presents a pressing concern for both nations.
Trump has been critical of the bipartisan CHIPS Act, which has already catalyzed substantial investments in the U.S. semiconductor sector. While he champions tariffs as a means to fortify U.S. production capabilities, the complexities of global supply chains indicate that such moves could have far-reaching adverse effects on American technological industries too.