TAIPEI (Reuters) -Taiwan is considering forming a high-tech strategic partnership with the U.S., which wants increased Taiwanese investment, the island’s top tariff negotiator said on Thursday, giving an update on talks with Washington.

Taiwan, home to the world’s biggest contract chipmaker TSMC, runs a large trade surplus with the United States. The island’s exports to the U.S. are currently subject to a 20% tariff, a figure Taipei’s government is seeking to cut.

Taiwan Vice Premier Cheng Li-chiun, who is leading the tariff talks with Washington, told reporters in Taipei she was hopeful both sides could reach a consensus on expanding investment in the United States through a “Taiwan model”.

This would not involve relocating supply chains but rather extending and expanding U.S. producti

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