No impact of any future US chip tariffs on Taiwanese exports, says Vice Premier Cheng

Taipei: Taiwan Vice Premier Cheng Li-chiun, on Thursday, said that the semiconductor exports to the US enjoy preferential treatment agreed under an investment memorandum of understanding (MOU) signed in January, reported Reuters.

The United States has no timetable on the Section 232 tariffs on semiconductors, she added. Under Section 232 of the U.S. Trade Expansion Act, the President has the power to impose tariffs on imports of strategic goods that can threaten national security.