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🇹🇼 Taiwan /Economy & Trade

Trump claims tariffs brought chip industry back from Taiwan

From Liberty Times · (16m ago) Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

TLDR

  • Former U.S. President Donald Trump claimed his policies have attracted $18 trillion in investments over 11 months.
  • Trump asserted that his tariff measures were responsible for bringing the chip manufacturing industry back to the United States from Taiwan.
  • The former president also discussed his upcoming visit to China and the importance of U.S. leadership in the AI race.

Former President Donald Trump continues to champion his "America First" agenda, highlighting a claimed $18 trillion in investment over the past 11 months as proof of his policies' success.

We used to be the manufacturing capital, we used to be the manufacturing center of the world, but then it was all taken away, chip manufacturing moved to Taiwan.

— Donald TrumpDuring a speech at a small business summit, Trump discussed his "Invest in America" achievements and criticized past policies that he claims led to the relocation of the chip industry.

During a summit for small businesses, Trump specifically targeted the semiconductor industry, asserting that his administration's tariffs compelled companies to return manufacturing to the U.S. from Taiwan. He lamented that the industry was "taken away" from America, implying that past administrations failed to protect it.

Actually, they just had to say: if you sell products back to the United States, you will be taxed 100%, then no one will leave.

— Donald TrumpTrump explained his proposed tariff strategy to encourage domestic manufacturing.

Trump's remarks also touched upon his upcoming meeting with Chinese President Xi Jinping, framing it as a competition where the U.S. must lead, particularly in artificial intelligence. This narrative of American dominance and strategic competition with China is a consistent theme in his political messaging.

Intel used to be the largest chip manufacturer in the world, but because of the wrong policies of the administration, Intel's business was taken away, and suddenly, Taiwanese companies became dominant, but they are back, the biggest companies are back in our country. Because they know tariffs will keep going up.

— Donald TrumpTrump elaborated on how his policies supposedly benefited the U.S. by bringing back major companies.

From a Taiwanese perspective, Trump's comments underscore the ongoing geopolitical and economic pressures surrounding its crucial chip industry. While the U.S. seeks to bolster its domestic manufacturing, Taiwan's role as a global semiconductor powerhouse remains a central point of international economic discussion, often framed by the complex relationship between the U.S. and China.

In the past 11 months, the investment amount has reached $18 trillion. We have car factories being built all over the United States, and AI factories. And we are leading China in AI.

— Donald TrumpTrump touted his administration's economic achievements, including investment figures and advancements in AI.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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