Taiwan to face economic risk as US mulls semiconductor tariffs under Trump proposal: Think tank

Taipei [Taiwan], August 2 (ANI): Taiwan is bracing for a significant economic challenge as US President Donald Trump threatens to impose a tariff on semiconductors, according to the Chung-Hua Institution for Economic Research (CIER), reported by Focus Taiwan.

Semiconductor industry is central to the island’s exports and overall economy.

Information and communication technology (ICT) products account for over 70 percent of Taipei’s exports to the United States, according to the CIER.