-
Uber Eats, Deliveroo say will give France drivers break when too hot
-
IMF cuts 2026 world growth forecast, flags risks from new Mideast fighting
-
Trump tempers fury to end NATO summit on high note
-
Kostyuk sets up Wimbledon semi-final against Noskova
-
Oil shoots back up, stocks slide as Trump says Iran ceasefire over
-
Noskova reaches first Wimbledon semi-final
-
Kostyuk powers into second straight Slam semi-final at Wimbledon
-
Air Canada taps new CEO to replace chief who couldn't speak French
-
Israeli jails a 'graveyard,' says freed Palestinian journalist
-
Istanbul mayor ejected from court in corruption case
-
Family of last woman executed in UK wins posthumous pardon
-
Landslide kills eight at refugee school in Bangladesh
-
'Serial killer' German doctor given life sentence for 15 murders
-
Cleary leads NSW past Queensland to regain State of Origin crown
-
What is going on with Farage's UK election gambit?
-
MEXC Adds Nine Ondo Tokenized Stock and ETF Trading Pairs Tied to AI Infrastructure Demand
-
Dalic quits after 'incredible era' as Croatia coach
-
Oil prices surge, stocks slide as Trump says Iran ceasefire over
-
Bayeux tapestry to arrive in London in secret, high-stakes operation
-
Sunken wrecks, hot seas threaten fishermen on Italian isle
-
Messi World Cup magic masks familiar penalty frailty
-
Rescuers search for survivors of China storms as super typhoon nears
-
Trump lashes out at allies as key NATO summit begins
-
Egypt file complaint against referee after controversial World Cup exit
-
Swiss party into the night after reaching World Cup quarter-finals
-
Apple loses challenge against EU digital competition rules
-
Trump says Iran ceasefire 'over' after fighting flares
-
Trump says Iran ceasefire 'is over'
-
Thai beer dynasty mother drops 'ungrateful child' case against son
-
Rescuers search for missing in China storms after 100,000 flee
-
France v Morocco rematch as World Cup quarter-finals get under way
-
OpenAI to launch new model after US freeze
-
Modi visits Australia for minerals talks and rockstar welcome
-
UK museums at 'sharp end' of climate change challenge
-
Sensors, early starts: how Spain keeps working when heat hits
-
In Mauritania, Imraguen people's desert-ocean paradise under threat
-
Kenya Rastafarians hope for freedom to smoke
-
Iraq's holy cities host funeral processions for Khamenei
-
Pacific nation of Tuvalu condemns Chinese missile launch into Pacific
-
Rescuers search for missing in China storms after 100,000 evacuated
-
How a viral post sparked India's Gen-Z protest
-
Ex-Australia cricketer MacGill loses appeal against cocaine conviction
-
Cambodia wants to bring tigers back, but should it?
-
Oil prices extend rally as US strikes on Iran revive geopolitical fears
-
Chinese repairwomen smash stereotypes with power tools
-
Iraq's holy cities to host funeral processions for Khamenei
-
Ecuador's Death Canal: watery grave for victims of gang violence
-
In Venezuela's quake ruins, a baby is born
-
'Unique event': Solar eclipse fever fills empty Spain
-
What to know about the total solar eclipse due in August
Taiwan says 'will not agree' to making 50% of its chips in US
Taiwan "will not agree" to making 50 percent of its semiconductors in the United States, the island's lead tariff negotiator said Wednesday, as Washington pressures Taipei to produce more chips on US soil.
Vice Premier Cheng Li-chiun's remarks came after US Secretary of Commerce Howard Lutnick said he had proposed to Taiwan a 50-50 split in chip production.
"I want to clarify that this is the US's idea. Our negotiation team has never made a 50-50 commitment to a chip split," Cheng told reporters in Taipei.
"Please be rest assured that we did not discuss this issue this time, and we will not agree to such a condition," she said.
Cheng spoke after returning from Washington where she said negotiations over US tariffs on Taiwanese shipments "made some progress".
Taiwan is struggling to finalise a tariff deal with Washington, after President Donald Trump's administration imposed a temporary 20 percent levy that has alarmed the island's manufacturers.
Trump has also threatened to put a "fairly substantial tariff" on semiconductors coming into the country.
Soaring demand for AI-related technology has fuelled Taiwan's trade surplus with the United States -- and put it in Trump's crosshairs.
More than 70 percent of the island's exports to the United States are information and communications technology, which includes chips, the cabinet said in a statement Wednesday.
In a bid to avoid the tariffs, Taipei has pledged to increase investment in the United States, buy more of its energy and increase its own defence spending to more than three percent of gross domestic product.
Taiwan produces more than half of the world's semiconductors and nearly all of the high-end ones.
The concentration of chip manufacturing in Taiwan has long been seen as a "silicon shield" protecting it from an invasion or blockade by China, which claims it as part of its territory -- and an incentive for the United States to defend it.
In an interview with NewsNation broadcast over the weekend, Lutnick said having 50 percent of Taiwan's chip production in the United States would ensure "we have the capacity to do what we need to do if we need to do it".
"That has been the conversation we've had with Taiwan, that you have to understand that it's vital for you to have us produce 50 percent," he said.
"Our goal is to get to 40 percent market share, and maybe 50 percent market share, of producing the chips and the wafers, you know the semiconductors we need for American consumption, that's our objective."
T.Bondarenko--BTB