![TSMC Gifts <!--[[--image0--]]//-->00 Billion U.S. President Donald Trump shakes hands with Weijer (left) of Taiwanese semiconductor company TSMC in the Roosevelt Room of the White House in Washington, DC, on the 3rd (local time) with U.S. Commerce Secretary Howard Rutnick (right). Chairman Wei said at a press conference that he would invest 100 billion dollars in semiconductor factories in the United States. Reuters Yonhap News](https://wimg.mk.co.kr/news/cms/202503/05/20250305_01170101000002_L00.jpg)
Trump's 'tariff war' has begun. The U.S. government imposed a 25% tariff on Canada and Mexico from the 4th (local time), which had been suspended for a month. It also proved its policy of "no exceptions" to its allies.
U.S. President Donald Trump also signed an executive order to raise additional tariffs on China by 20 percentage points. He signed an executive order last month to impose an additional 10 percentage points on China, citing the influx of fentanyl and other goods, which included raising the additional tariff from 10 percentage points to 20 percentage points.
Countries subject to tariffs immediately took retaliatory measures. Canada has decided to impose retaliatory tariffs on a total of Canadian dollars (about 155 trillion won) worth of U.S. imports. China announced that it will impose additional tariffs of 15 percentage points on U.S. chicken, wheat, and corn from the 10th and 10 percentage points on soybeans, pork, beef, marine products, fruits, and vegetables.
China has also taken out a variety of non-tariff retaliation cards. On the same day, China's General Administration of Customs suspended three companies from exporting soybeans, saying on its website that seed coating agents and others were detected in U.S. soybeans. In addition, the import of hardwood from the United States has been suspended since that day, saying that pests have been found. In addition, 15 U.S. startups related to artificial intelligence (AI) were placed on export controls, and 10 companies involved in Taiwanese arms sales were designated as "unreliable companies." Against this backdrop, Taiwanese foundry company TSMC announced that it will invest an additional 100 billion dollars (about 146 trillion won) in the United States. TSMC Chairman Weijerja announced the investment plan at a press conference with President Trump at the White House on the 3rd and said, "I thank President Trump for his vision and support." It is interpreted as a quick response to President Trump's repeated declaration that he could be exempted from tariffs if he established a factory in the United States.
[Washington correspondent Choi Seungjin / Beijing correspondent Song Kwangseop]
