Taipei: A Cabinet spokesperson on Thursday said negotiators are pursuing a “Taiwan model” in trade talks with the United States, following reports that Washington is seeking an investment pledge of between US$350 billion and US$550 billion.

According to Focus Taiwan, Politico reported Wednesday that U.S. President Donald Trump’s administration is currently “haggling” over the final amount, which would fall between the levels of investment pledges made by South Korea and Japan.

Asked about the report, Cabinet spokesperson Michelle Lee said Taiwanese negotiators, after consulting with industry representatives, were approaching tariff negotiations by exploring prospective supply chain collaborations under a “Taiwan model.”

“The Taiwan model is driven by companies’ international branching strategies, prompting them to plan investments in the United States, to be closer to their clients and boost competitiveness, while the government provides financial and credit guarantee support,” Lee said.

“The Taiwan model, therefore, is different from investment models between the U.S. and Japan or South Korea, and cannot be directly compared,” Lee said.