'You know, we're no different than an insurance company. Taiwan doesn't give us anything,' Donald Trump said.
"You know, we're no different than an insurance company. Taiwan doesn't give us anything," Donald Trump said.
In an interview with Bloomberg Businessweek published on Tuesday, the former president was asked if he would defend self-ruled Taiwan from China, which claims the island as part of its territory. A leader in the field is Taiwan Semiconductor Manufacturing Company , which has been a key beneficiary of Washington’s Chips and Science Act — passed in 2022 to attract companies to invest in building chip factories on American soil.
“I don’t think we’re any different from an insurance policy. Why? Why are we doing this? They took almost 100% of our chip industry, I give them credit,” he said.Acknowledging Trump’s comments on Wednesday, Taiwanese Premier Cho Jung-tai pointed out Taipei had steadily boosted its defence budget in recent years.
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