The island computer chip and electronics components hub is vulnerable to new import duties, so its economy ministry will advise on possible U.S. states for investment, local laws and help finding partners.

The market sold off this morning after President Donald Trump announced sweeping tariffs over the weekend to take effect Tuesday. The broader benchmark S&P 500 fell over 1.7%, as of 9:55 a.m. ET. Meanwhile,

Taiwan will support companies that plan to relocate to the United States, including helping them find partners, the economy ministry said on Monday, outlining assistance it will offer after U.S. President Donald Trump's new tariffs.

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

Trump has made a series of recent statements expressing frustration or skepticism toward Taiwan. He repeatedly accused Taiwan of taking “all our chip business” – an apparent reference to Taiwan Semiconductor Manufacturing Company. He also notes frequently that Taiwan is “9,000 miles away” from the United States and “right next” to China.

Taiwan's Ministry of Economic Affairs (MOEA) announced on February 2, 2025, that it will engage in ongoing discussions with the US to protect mutual industrial and national interests, following US President Donald Trump's global tariff initiatives and potential tariffs on Taiwanese semiconductor chips.

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.