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Story summary
- President Lai Ching-te of Taiwan announced plans to boost United States investment and defense spending amid trade talks.
- Taiwan and the United States reached a general consensus on a trade deal to cut semiconductor tariffs.
- Lai said the deal would include reciprocal tariff reductions and preferential treatment.
- Taiwan Semiconductor Manufacturing Company (TSMC) pledged to invest US$100 billion in the United States.
- Parliament's opposition hindered Lai's 2026 defense budget.
