Taiwan should pay the US for its defence, US presidential candidate Donald Trump said, sending shares of TSMC down.
the US for its defence as it does not give the country anything, US Republican presidential candidate Donald Trump said, sending shares of Taiwanese chip manufacturer“I know the people very well, respect them greatly. They did take about 100% of our chip business. I think Taiwan should pay us for defence,” Trump said in interview with Bloomberg Businessweek on 25 June but published on Tuesday.You know, we’re no different than an insurance company.
“Taiwan has steadily strengthened its defence budget and demonstrated its responsibility to the international community,” he said at a routine news conference in Taipei. “We are willing to take on more responsibility; we are defending ourselves and ensuring our security.” US President Joe Biden has upset the Chinese government with comments that appeared to suggest the U.S. would defend Taiwan if it were attacked, a deviation from a long-held US position of “strategic ambiguity”.Washington and Taipei have had no official diplomatic or military relationship since 1979, when the US switched recognition to Beijing and terminated a mutual defence treaty.
TSMC is spending billions building new factories overseas, including $65-billion on three plants in the US state of Arizona, though it says most manufacturing will remain in Taiwan. Since 2022, Taiwan has complained of delays in deliveries of US weapons such as Stinger anti-aircraft missiles, as manufacturers focused on supplying Ukraine to help it battle invading Russian forces.
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