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

TAIPEI: Taiwan will consider supporting its domestic industry, the government said on Wednesday (Jan 29), after US President Donald Trump warned he will soon place tariffs on overseas-made semiconductor chips.

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.

Trump threatened tariffs Monday to bring semiconductor, chip and pharmaceutical production back to the US, arguing that many companies have relocated to Taiwan. “They left us and went to Taiwan, which is about 90% of the chip business, and we want them to come back,” said Trump.

Semiconductor business between Taiwan and the United States is a "win-win" model for both sides given the high level of complementarity, the government said on Tuesday in response to tariff threats from U.

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

Taiwan is the world’s biggest producer of high-end computer processors and semiconductors. The newly-minted Trump administration has announced its latest series of tariff plans, including a “25 percent,