U.S. trade with Taiwan is booming, as the self-governing island cashes in on surging desire for its computer system chips and lures factories back again from China, where a lot of exports to the U.S. like electronics are topic to 25% tariffs.

Taiwan is now rated No. 8 globally in trade with the U.S., just driving the U.K. and ahead of Vietnam. It exported a document $72 billion in merchandise to the U.S. in the 12 months through September. That is up about 70% since 2017, the yr before the Trump administration imposed the Chinese tariffs.