TAIPEI (Taiwan News) —  A Ministry of Economic Affairs delegation will travel to the US on Tuesday to collect information and facilitate communication with Washington about tariffs.

Trump has proposed tariffs on foreign-made chips from 25%-100%. The US has also levied a 25% tariff on all steel and aluminum imports.

Economics Minister Kuo Jyh-huei (郭智輝) told reporters, “The imposition of a 100% tariff, or a very high tariff, will actually be disadvantageous to the US,” PTS.

Kuo said the delegation is led by Deputy Economics Minister in Charge of Trade Cynthia Kiang (江文若) and is tasked with understanding trade conditions and establishing a Taiwan-US economic and trade working group. The delegation will also role-play different trade scenarios though Kuo did not disclose US counterparts in such talks.

In a related matter, TSMC will hold its first board meeting in the US on Tuesday (US time) with the topic of potential tariffs likely to be discussed. Another issue closely watched by the media is TSMC's plans for factory expansion in the US.

Taiwanese tech analyst Chai Huan-shin (柴煥欣) said, "Political pressure is bound to exist. Many speculate the construction of the Arizona plant may be accelerated and advanced process may arrive sooner in the US, potentially with US companies investing in TSMC."

Kuo also discussed the issue of overseas power generation, where power is produced in neighboring countries and sent to Taiwan via undersea cable or by ship in large batteries. "It is not a fantasy. Many people abroad are already doing this," said Kuo.

Kuo added that another benefit of overseas power generation is that Taiwanese companies producing green electricity can not only sell electricity to local markets but also retain carbon rights in Taiwan.