Trump used a Fox News phone interview to repeat his claim that Taiwan "stole" America's chip business, framing it as bad for US-Taiwan relations.

• Trump told Fox host Larry Kudlow that under a "smart" president, there would be no Taiwan-China issue at all and "nobody would care about it."
• He claimed Taiwan took 100% of America's chip business by producing chips cheaply and pushing them into the market.
• This is not new: Trump has made similar claims before, and Taiwan's foreign minister has pushed back, calling the relationship a partnership, not theft.
• The remarks came during a call about his tariff policy and efforts to bring car manufacturing back to the US, not a dedicated Taiwan policy statement.

Outlook: Expect continued friction over chip trade and tariffs between the US and Taiwan, with Taiwan likely to keep defending its semiconductor industry publicly.