Taiwan says ‘willing’ to buy more US natural gas, as tariffs loom

Taiwan says ‘willing’ to buy more US natural gas, as tariffs loom

The island imports nearly all of its energy supply, with about 38% of its natural gas coming from Australia, 25% from Qatar and 10% from the US.

US President Donald Trump, who has accused Taiwan of stealing the US chip industry, recently threatened a 100% tax on imported semiconductors from the island. (EPA Images pic)
TAIPEI:
Taiwanese state-owned energy giant CPC Corporation “is willing” to increase natural gas imports from the US, Taiwan said today after US President Donald Trump threatened tariffs on the island’s semiconductor chips.

Taiwan imports nearly all of its energy supply, with official data showing about 38% of its natural gas comes from Australia, 25% from Qatar and just under 10% from the US.

Trump, who has promised a “golden age” for the US, has threatened several key trade partners with tariffs as he seeks to correct trade imbalances.

“CPC Corporation, considering factors such as shorter shipping routes and dispersed transport routes, is indeed very interested in Alaskan natural gas,” the economic affairs ministry said in a statement.

“The company will continue assessing the feasibility and is willing to increase purchases,” the ministry said.

The statement came after Trump warned of tariffs on overseas-made chips as part of an attempt to drive companies to shift manufacturing to the US.

Taiwan is a global power in the manufacturing of chips, which are used in products from Apple’s iPhones to Nvidia’s artificial intelligence hardware and are a key driver of its economy.

Trump, who has accused Taiwan of stealing the US chip industry, recently threatened to impose up to a 100% tax on imported semiconductors from the island.

Economic minister Kuo Jyh-huei told reporters on Saturday that he will dispatch his deputy to the US to discuss the possible tariffs with “people around Trump”.

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.