President Donald Trump has declared that “the days of America being taken advantage of” are now “gone” as his economic agenda continues to rack up wins.
Trump made the declaration in a memorandum threatening tariffs against nations that seek to take more than they give from their relationship with America.
On Thursday, Trump signed a presidential memorandum outlining a plan to impose “reciprocal” and “fair” tariffs on U.S. trading partners across the globe.
In the memorandum, Trump wrote:
“Gone are the days of America being taken advantage of: this plan will put the American worker first, improve our competitiveness in every area of industry, reduce our trade deficit, and bolster our economic and national security.”
Almost immediately after, Taiwan pledged to invest more money in America as the nation scrambled to avoid tariffs.
On Friday, Taiwan’s President Lai Ching-te announced that his country would communicate more with the U.S. about Trump’s concerns over the semiconductor chip industry, according to multiple reports.
The Taiwanese leader also vowed his country would also invest more in the U.S.
Trump said on Thursday that he believes Taiwan has taken away the semiconductor chip industry from the U.S.
Notably, Taiwan is home to the world’s most valuable chipmaker, the Taiwan Semiconductor Manufacturing Company (TSMC).
TSMC produces advanced chips that can be used in applications such as computers, smartphones, and artificial intelligence (AI) systems.
In the third quarter of 2024, TSMC recorded a market share of 64.9% in the global semiconductor foundry market.
On February 1, Trump announced sweeping tariffs on imports from China, Canada, and Mexico.
The tariffs are an attempt to mitigate the flow of illegal immigration and illicit drugs such as fentanyl coming into the U.S. from foreign countries.
Shortly after Trump’s tariffs announcement, the Mexican government deployed thousands of troops to the U.S.-Mexico border.
The troops will help stop the flow of illicit drugs and illegal immigrants between the two countries.
Further, Canadian Prime Minister Justin Trudeau agreed to secure the U.S.-Canada border.
The efforts from the two nations led to Trump agreeing to pause his tariffs against the two countries for 30 days.
Meanwhile, trade tensions between Communist China and the U.S. have continued to rise.
Beijing responded to Trump’s blanket 10% tariff on all Chinese goods with its own retaliatory tariffs on various exports.
During his first presidency, Trump imposed several tariffs on China.
The tariffs launched a trade war between the U.S. and Beijing in 2018.
As such, the Chinese regime knows not to take Trump’s threats lightly.
