From tariffs to troops: what Trump means for Taiwan

The focus of Trump’s tariff measures may soon extend beyond China, Mexico, and Canada, with Taiwan emerging as a likely target due to its large trade surplus with the US. While potential reciprocal tariffs may have a limited impact, a bigger concern would be restrictions on semiconductor imports—Taiwan’s key export sector. Given its dominance in global chip production, the short-term impact may be manageable, but the risks over the longer term are much bigger.