The UK's Financial Times pointed out that Taiwan's pledged investment in the US could amount to $400 billion (1.65 trillion ringgit), and may include TSMC's investment in Arizona. The Executive Yuan's Office of Trade Negotiations stated that it is currently negotiating supply chain cooperation with the US using the 'Taiwan Model,' and is striving to lower reciprocal tariffs and avoid stacking on top of existing Most-Favored-Nation (MFN) rates and multiple tariff preferences under Section 232.
The trade office indicated that the negotiation team continues to communicate through video meetings and written document exchanges. Regarding supply chain cooperation, the 'Taiwan Model' proposed by our side is that enterprises autonomously plan investments in the US based on their own international layouts, staying close to customers and integrating with the market, thereby extending industrial capabilities. The government provides financial credit guarantees for support, and also uses G2G (government-to-government) cooperation between Taiwan and the US to form industrial clusters.
The trade office emphasized that the 'Taiwan Model' is different from the investment models between the US and Japan or the US and South Korea, and cannot be directly compared. The government is seeking favorable investment environments and conditions from the US side, and also providing support for relevant industries to establish presence in the US. Since Section 232 involves not only semiconductors but also other items, we continue to seek preferential treatments, while also striving to secure a more favorable investment environment and conditions for enterprises going to the US.
The trade office stated that the negotiation team continues to confirm negotiation content through written document exchanges and seeks consensus with the US, hoping to reach an agreement as soon as possible and to launch the next phase of Taiwan-US economic and trade cooperation.