US Seeks Big Investment From Taiwan While Lai Hints at Issues

Commerce Secretary Howard Lutnick said that the US is expecting a large investment pledge from Taiwan in trade talks, while the self-governing island’s president, Lai Ching-te, listed areas that need improvement in order for projects to be completed.

“We’re in the midst of discussions,” Lutnick said Wednesday in a CNBC interview. “But the fact is, this administration’s goal is to bring semiconductor manufacturing to America.”