Taiwan pressured to move 50% of chip production to US or lose protection

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“What’s natural for Taiwan is we produce 95 percent” and “we feel great about it,” Lutnick said, conceding that “you can imagine when someone has 95 percent, convincing them that they should only have 50 percent. That’s a lot” to lose.

But “Donald Trump would say it’s not healthy for you or healthy for us because we protect you, and for us to protect you,” then “you need to help us achieve… reasonable self-sufficiency,” Lutnick argued.

To close the deal with Taiwan, Lutnick…



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Taiwan pressured to move 50% of chip production to US or lose protection



“What’s natural for Taiwan is we produce 95 percent” and “we feel great about it,” Lutnick said, conceding that “you can imagine when someone has 95 percent, convincing them that they should only have 50 percent. That’s a lot” to lose.

But “Donald Trump would say it’s not healthy for you or healthy for us because we protect you, and for us to protect you,” then “you need to help us achieve… reasonable self-sufficiency,” Lutnick argued.

To close the deal with Taiwan, Lutnick…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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