Deal risks gutting Taiwan’s semiconductor sector, opposition parties warn, as Beijing dubs it a plot to drain lifeblood of island’s industry.

Taiwan has secured a US deal slashing export tariffs to 15 per cent after more than nine months of talks, with Taipei hailing the result as a “home run” that would put the island on an equal footing with Japan and South Korea. But observers and opposition parties have raised sharp concerns over Taiwan’s commitment to invest up to US$500 billion in the United States in exchange for the tariff cut. The arrangement could hollow out Taiwan’s industrial base – particularly its prized semiconductor…

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