Taiwan Semiconductor Manufacturing Co.’s tens of billions of dollars of investments in the US help reduce the archipelago’s trade surplus with its primary security partner, a senior Taiwanese official said, as export-reliant economies brace for US President-elect Donald Trump, who is threatening additional tariffs on imports.
Taiwan can further cut its surplus in bilateral trade with the US by buying more energy, agricultural produce and weapons from America, central bank Governor Yang Chin-long told lawmakers on Thursday. He was responding to concerns that the incoming Trump administration could seek to penalize Taipei for its roughly $50 billion trade surplus.
