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Taiwan's Formosa says US is best investment spot

Trump's steel tariffs won't affect industrial conglomerate's $15bn projects

Formosa Plastics Group is monitoring and assessing the impact of a trade war if the U.S. does impose those tariffs on key metals.

TAIPEI -- The chairman of Taiwan's largest industrial conglomerate Formosa Plastics Group on Monday said his company's $15 billion investment in the U.S will not be affected by President Donald Trump's plan to impose across-the-board tariffs on imported steel and aluminum.

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