Taiwan's tariff negotiator delivers major blow to Trump administration's chip plan

A major blow for the Trump administration's chip plan. Taiwan's tariff negotiators said this week they never discussed commerce secretary Lutnik's 50-50 semiconductor production split and they're just not interested. This matters because Secretary Lutnik's threatening 100% tariffs unless companies make one chip domestically for every chip imported.But raw semiconductor imports were only $45 billion last year, about 1% of total US imports. Most chips come in finished products like phone and servers. Enforcin ...