After President Trump claimed that Taiwan has taken America’s semiconductor chip business away, some speculate that the US government might regret its decision to provide a US$6.6 billion investment incentive to Taiwan’s TSMC. Is it true that under Trump’s policies, the US government can avoid spending a dime, while Taiwanese companies and other foreign businesses operating in the US are pressured by tariffs to invest and expand domestically? This prospect has raised significant concerns and challenges for Taiwan.