Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Taiwan\u2019s president has pledged to boost procurement and investment in the US as he rushes to respond to Donald Trump\u2019s global tariff threats and pressure on Taiwan\u2019s semiconductor industry.\u201cWe will increase investment in the US and purchases from it to balance bilateral trade,\u201d Lai Ching-te told reporters on Friday, just hours after the US president announced plans to impose \u201creciprocal tariffs\u201d on countries with which the US runs large trade deficits.The US trade deficit with Taiwan, its seventh-largest trading partner, widened by $26.1bn to $73.9bn last year, driven by booming demand for cutting-edge artificial intelligence chips. Most are made by Taiwan Semiconductor Manufacturing Company, the world\u2019s largest chipmaker.But Lai asserted Taiwan\u2019s leading role in global chip manufacturing and pushed back against Trump\u2019s demands that semiconductor business \u2014 which the US president has accused Taiwan of \u201cstealing\u201d \u2014 be returned to America.\u201cI want to emphasise that as the world\u2019s most potent semiconductor [manufacturing] power, Taiwan is capable and willing to respond to new situations,\u201d said Lai.He vowed to \u201censure Taiwan\u2019s indispensability in the global supply chain\u201d and proposed a \u201cglobal semiconductor democratic supply chain initiative\u201d in order to help the US build more resilient supply chains \u2014 a co-operative vision distinct from Trump\u2019s protectionist push to concentrate the industry at home.Following pressure from the first Trump and Biden administrations as well as its US customers, TSMC has committed to investing $65bn in three fabrication plants in Arizona, the first of which is already in mass production. Although the plants will still account for less than a fifth of TSMC\u2019s total capacity when completed, they are the company\u2019s largest overseas investment.But Trump has threatened to overturn subsidy deals granted under his predecessor, a move that could put more than $6bn of financial support for TSMC at risk. Trump also wants to rebuild chip manufacturing in the US at a much larger scale.When announcing his latest tariff plans on Thursday, Trump repeated accusations that Taiwan \u201ctook our chip business away\u201d.\u201cWe want that business back in the United States,\u201d he said, \u201cand if they don\u2019t bring it back, we\u2019re not going to be very happy.\u201dLai on Friday affirmed that Taipei was the US\u2019s \u201cmost reliable trading partner\u201d and invoked the countries\u2019 shared democratic values.But he said the Trump administration was pursuing \u201cstrategies and policies that are completely different from the past\u201d, adding that this posed challenges for all other countries, including Taiwan.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Taiwan\u2019s president has pledged to boost procurement and investment in the US as he rushes to respond to Donald Trump\u2019s global tariff threats and pressure on<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-206331","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/206331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=206331"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/206331\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=206331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=206331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=206331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}