📊Executive Summary

The article discusses the potential impact of proposed tariffs on semiconductors by the U.S. government, which could significantly affect Taiwan's economy, particularly its semiconductor industry. Taiwan's exports to the U.S. are heavily reliant on semiconductors, comprising over 70% of its trade. The Chung-Hua Institution for Economic Research warns that tariffs could have a more severe impact than the recently reduced blanket tariff. TSMC has expressed concerns that such tariffs may derail its substantial investments in Arizona, which total $165 billion. The U.S. Commerce Secretary is expected to announce findings regarding these tariffs soon, indicating a potential shift in trade policy that could disrupt the semiconductor supply chain....