J.D. Vance reportedly said the U.S. and U.K. are currently "working very hard" on a trade deal and that there's a "good chance" the two sides will come to an agreement.

The UK, US, Europe and China rely heavily on Taiwan for semiconductors. The Taiwan Semiconductor Manufacturing Company (TSMC) provides over half of the world's supply, including for AMD, Apple, ARM, Broadcom, Marvell, MediaTek and Nvidia. Trump's tariffs have rocked global supply chains.