Taiwan's government will soon look at whether it needs to help its domestic industry over threats by U.S. President Donald Trump to put tariffs on semiconductors, Premier Cho Jung-tai said on Wednesday.

President Donald Trump has threatened to impose tariffs on Taiwan-made chips, which could hit Nvidia, one of TSMC's biggest customers.

Hours after Donald Trump’s chilly inauguration in Washington, Taiwan’s parliament voted to freeze billions of dollars in defense spending, in a move some worry could frustrate the famously transactional president,

Donald Trump called for tariffs on foreign computer chips, semiconductors, and pharmaceuticals from places like Taiwan in the near future.

Another U.S.-aligned democracy in Asia is mired in political gridlock, with Taiwan’s opposition challenging defense spending aimed at fending off China.

The semiconductor business between Taiwan and the United States is mutually beneficial, with Taiwan being a critical player in the global technology supply chain. Despite tariff threats from Donald Trump,

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Taiwan-US semiconductor trade thrives with TSMC investment in Arizona, emphasizing complementarity and win-win business model.

Taiwan's government has been swift to respond to the talk of huge tariffs by the recently inaugurated 47th president of the United States.

The tariffs would ensnare cutting-edge smartphone and PC-related chips for Apple, AMD and Nvidia if enacted. But Trump is betting his plan will bring more chip production to the US.

The island’s ruling elite views Trump’s trade war with China favorably, believing that it stands to gain from US-China competition by deepening economic and military ties with the US imperialist bourgeoisie.