News Summary

• Taiwan spent this week’s SEMICON trade show in Taipei making the same argument twice over, once to Washington and once to Brussels.
• The commercial half of that argument came with a number, and economy minister Kung Ming-hsin supplied it, announcing a further $20bn of planned Taiwanese investment in the United States.
• That pledge sits on top of the trade agreement Taipei signed with Washington earlier this year, which cut the reciprocal tariff on Taiwanese goods to 15% in return for at least $250bn of Taiwanese investment.