It would be “impossible” to move 40% of Taiwan’s semiconductor capacity to the U.S., the island’s top tariff negotiator said, pushing back against recent comments by American officials who called for a major production shift.
In an interview with Taiwanese television channel CTS that was broadcast late on Sunday, Taiwan Vice Premier Cheng Li-chiun said she had made it clear to Washington that Taiwan’s semiconductor ecosystem, built up over decades, could not be relocated.
“I have made it very clear to the United States that this is impossible,” she said, referring to the 40% goal the U.S. has floated.
That ecosystem will continue to grow in Taiwan, Cheng said, adding that the semiconductor industry would keep investing at home.
We should have tarriffs on goods to make up for labor and environmental costs that are cheaper in those other countries, to offset the race to the bottom.
That was a union issue, the republican nominee just co-opted it, because the democrats became more conservative than Bush Senior let alone Nixon, while the rest of the republicans are like Henry Ford, veritable nazis.
He was never going to do it well, he’s too corrupt and greedy and mean spirited, it was always going to be more of a shake down racket and a cudgel to use against our allies like Canada and Europe that do not undercut us on labor and the environment and therefore should not be tarriffed at all.
We shouldn’t be rejecting everything about something because it was co-opted by the president, like rejecting pressuring drug companies to offer us good deals because the president has some half baked website for that purpose. Just as we shouldn’t support everything about something they attack unfairly. Ie a government agency, any of them, attacked for not being bad enough, say the fda, then we support everything about them, as if they aren’t run by drug companies and failing in their statutory duties.