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Taiwan has rejected a U.S. proposal for a 50-50 split in semiconductor production, with the island's top trade negotiator stating the idea was not even discussed. The talks focused on tariff reductions and export levies. U.S. Commerce Secretary Howard Lutnick proposed the split to reduce American reliance on Taiwan, which currently supplies 95% of U.S. chip demand. The proposal faced strong criticism from Taiwanese politicians, who viewed it as exploitative and a threat to the island's tech sector.

Prepared by Christopher Adams and reviewed by editorial team.