Taiwan will not agree to a US proposal to split semiconductor production evenly between the two countries, Reuters reported on Wednesday, citing a top Taiwanese official. If Taiwan sticks to its current position, it would be a setback for the Trump administration's efforts to bring half of the production to America. Advertisement

Taiwan Vice Premier Cheng Li-chiun, who is leading tariff talks with the United States, told reporters upon returning to the island that her team "has never made any commitment to a 50-50 split on chips. Rest assured, we did not discuss this issue during this round of talks, nor would we agree to such conditions," according to Taiwan's Central News Agency.

US Secretary of Commerce Howard Lutnick said over the weekend on News Nation that Washington had proposed

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