"America um under the Biden Administration uh tsmc received a $6 billion Grant and that encouraged them to build 65 billion dollar so America gave tsmc 10% of the money to build here and now you're seeing the power of Donald Trump's presidency because tsmc the greatest manufacturer of chips in the world is coming to America with a hundred billion dollar investment and of course that is backed by the fact that they can come here because they can avoid paying tariffs so the idea is come to America build greatness in America."
TSMC never pays tariffs anyways, whomever did the importing does so companies like Apple, GM, Tesla, etc.
An announced deal really should be worthless politically, we've all seen Foxconn or Apple announce big investments during Trump's first presidency for them to just walk it back later.
https://www.youtube.com/watch?v=Sa7MH1zLEYU
Lutnick:
"America um under the Biden Administration uh tsmc received a $6 billion Grant and that encouraged them to build 65 billion dollar so America gave tsmc 10% of the money to build here and now you're seeing the power of Donald Trump's presidency because tsmc the greatest manufacturer of chips in the world is coming to America with a hundred billion dollar investment and of course that is backed by the fact that they can come here because they can avoid paying tariffs so the idea is come to America build greatness in America."