Trump credits tariffs for hundreds of billions gained with 'virtually no inflation,' touts security

Economic Impact of Tariffs - President Trump attributes significant economic gains to tariffs, claiming the U.S. has received hundreds of billions of dollars with minimal inflation while enhancing national security [1] - The U.S. and Taiwan have reached a trade agreement that includes a commitment of at least $250 billion in direct U.S. investment from Taiwanese semiconductor and technology firms [4][2] Semiconductor Manufacturing and Supply Chain - The agreement aims to reverse the decline in U.S. semiconductor manufacturing, which fell from 37% in 1990 to less than 10% by 2024, raising economic and national security concerns [5] - Future U.S. tariffs on semiconductors will favor Taiwanese companies that establish manufacturing operations in the U.S., allowing for duty-free imports linked to increased domestic production [5] Investment and Industry Cooperation - The deal is structured to reward companies investing in American workers and facilities while discouraging overseas production reliance [8] - Taiwan is expected to facilitate U.S. investment in critical industries such as semiconductors, artificial intelligence, defense technology, telecommunications, and biotechnology, which are essential for economic competitiveness and national security [8][11] Trade Strategy and Economic Data - The Taiwan agreement indicates that tariffs will continue to be a key element of Trump's trade strategy, focusing on rebuilding domestic manufacturing and securing supply chains [13] - Trump has consistently argued that tariffs protect American workers and provide leverage in trade negotiations, despite critics' concerns about potential consumer price increases [12]