SEOUL (Reuters) -South Korea sees room for cooperation with Taiwan on U.S. President Donald \u200bTrump’s tariffs on chips, the country’s \u200ctrade minister said on Monday. “Taiwan is also in negotiations, so there \u200cis room for South Korea and Taiwan to get the most favourable treatment through cooperation,” Minister for Trade Yeo Han-koo said in a radio interview. South Korea finalised this month a trade deal \u2060to reduce U.S.\u200c tariffs in return for large South Korean investments in U.S. strategic sectors, while Taiwan’\u200ds trade negotiations are in progress. In the trade deal with South Korea, the U.S. said semiconductor tariffs on the Asian country \u200bwould be “no less favourable than terms that may be \u200coffered in a future agreement covering a volume of semiconductor trade at least as large as South Korea’s.” That refers to key competitor Taiwan, South Korean officials have said. U.S. officials are privately saying that they might not levy long-promised \u2060semiconductor tariffs soon, potentially delaying a \u200bcentrepiece of Trump’s economic agenda,\u200b Reuters reported last week. A South Korean official declined to confirm if there had been any specific discussion \u200dwith Taiwan on \u2060the matter. South Korea’s exports of semiconductors to the U.S. rose 51.2% to $1.2 billion \u2060in October amid growing demand for advanced chips used for artificial intelligence , according \u200cto customs data. (Reporting by Heejin Kim \u200cand Jihoon LeeEditing by Ed Davies)<\/p>\n","protected":false},"excerpt":{"rendered":"
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