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TAIPEI (Reuters) -Taiwan is considering forming a high-tech strategic partnership with the U.S., which wants increased Taiwanese investment, the island's top tariff negotiator said on Thursday, giving an update on talks with Washington. Taiwan, home to the world's biggest contract chipmaker TSMC, runs a large trade surplus with the United States. The island's exports to the U.S. are currently subject to a 20% tariff, a figure Taipei's government is seeking to cut. Taiwan Vice Premier Cheng Li-chiun, who is leading the tariff talks with Washington, told reporters in Taipei she was hopeful both sides could reach a consensus on expanding investment in the United States through a "Taiwan model". This would not involve relocating supply chains but rather extending and expanding U.S. production capacity, said Cheng, who returned this week from the latest round of talks. The government views the model for investing in the country as "industrial investment planning" coupled with government support measures such as export credit guarantees and joint Taiwan-U.S. development of industrial clusters, she added. "The current negotiation focus is that the United States expects us to expand investments and engage in supply chain cooperation," Cheng said. Neither the U.S. Commerce Department nor the Office of the United States Trade Representative has responded to requests for comment on the talks. The U.S. government went into shutdown on Wednesday. TSMC, whose business is surging on strong demand for artificial intelligence applications, is investing $165 billion to build chip factories in the U.S. state of Arizona, though the bulk of its production will remain in Taiwan. Cheng, who said TSMC did not take part in the latest talks, repeated that a proposal floated in U.S. media by Secretary of Commerce Howard Lutnick for a 50-50 split in making chips is not something Taiwan would agree to and was not brought up. "We can clearly say that we understand that the U.S. side's hope is to increase domestic production capability to satisfy U.S. domestic demand," she added. The aim of Taiwan's industry is to "remain rooted in Taiwan and deploy around the world, and then have bilateral strategic cooperation," Cheng said. (Reporting by Ben Blanchard and Jeanny Kao; Editing by Lincoln Feast.)

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By David Morgan, Bo Erickson, Nolan D. McCaskill and Richard Cowan WASHINGTON (Reuters) -U.S. President Donald Trump's administration on Wednesday froze $26 billion for Democratic-leaning states, following through on a threat to use the government shutdown to target Democratic priorities. The targeted programs included $18 billion for transit projects in New York, home to Congress's top two Democrats, and $8 billion for green-energy projects in 16 Democratic-run states, including California and Illinois. Vice President JD Vance, meanwhile, warned that the administration might extend its purge of federal workers if the shutdown lasts more than a few days.  The moves made clear that Trump would carry out his threat to take advantage of the shutdown to punish his political opponents and extend his control over the $7 trillion federal budget, established by the U.S. Constitution as the domain of Congress.  "Billions of dollars can be saved," he wrote on Truth Social late on Wednesday. The government shutdown, the 15th since 1981, suspended scientific research, financial oversight, environmental cleanup efforts and a wide range of other activities. Some 750,000 federal workers were ordered not to work, while others, such as troops and Border Patrol agents, began to work without pay. The Department of Veterans Affairs said it would provide burials at national cemeteries, but would not erect headstones or mow the grass. Vance said at a White House briefing that the administration would be forced to resort to layoffs if the shutdown lasts more than a few days, adding to the 300,000 who will be pushed out by December. Previous shutdowns have not resulted in permanent layoffs. The U.S. Patent and Trademark Office said it would lay off 1% of its 14,000 employees, according to an internal letter seen by Reuters. SCHUMER ALLEGES SHUTDOWN 'BLACKMAIL' Hakeem Jeffries, the top Democrat in the House of Representatives, said the funding freeze for subway and harbor projects in his home of New York would throw thousands out of work. Top Senate Democrat Chuck Schumer, also from New York, said Trump was targeting regular Americans for partisan aims. "He is using the American people as pawns, threatening pain on the country as blackmail," Schumer said. Republican Senator Thom Tillis said he was concerned that the freezing of infrastructure funds for New York could make it harder for Congress to exit the shutdown. "They need to be really careful with that, because they can create a toxic environment here," Tillis said. "So hopefully they're working with the leader, and the leader with them, on not creating more work to get us out of this posture." Republican Senate Leader John Thune dismissed concerns that the spending freeze amounted to hostage-taking. "Well, vote to open up the government and that issue goes away, right? I mean, it's pretty straightforward," he said at a press conference. Jeffries said he had not had any contact with the White House since a meeting with Trump earlier in the week. "We haven't heard from the White House since the White House meeting on Monday," he said in an CNN interview. "Clearly, they wanted to shut the government down." DIFFERENT DAY, DIFFERENT VOTE, SAME RESULTS Meanwhile, the Senate again rejected efforts to keep the government functioning as both a Republican proposal that would fund the government through November 21 and a Democratic vote that would pair funding with additional health benefits failed in floor votes. Trump's Republicans hold a 53-47 Senate majority, but they need the support of at least seven of Schumer's Democrats to meet the chamber's 60-vote threshold for spending bills. At issue on the government funding front is $1.7 trillion for agency operations, which amounts to roughly one-quarter of annual spending. Much of the remainder goes to health and retirement programs and interest payments on the growing $37.5 trillion debt. A bipartisan group of senators huddled on the floor during the vote, trying to find a path forward. "I want to see that a deal is a deal, and I would like to see the Republicans make a commitment to work with us on health care," said Senator Tim Kaine, a Virginia Democrat who represents many federal workers near the nation's capital. "But I've never said that has to be all I's dotted and T's crossed because that could be complicated." Democrats are also seeking guarantees that Trump will not be able to ignore spending bills he signs into law, as he has repeatedly done since returning to office. Both sides sought to pin the blame on the other, looking for advantage ahead of the 2026 midterm elections that will determine control of Congress. Democrats said Republicans were responsible for the disruption, as they control the levers of power in Washington. Republicans said Democrats were surrendering to partisan pressures to oppose Trump, even though they have routinely backed spending bills in the past. They also repeated a false claim that the Democratic proposal would extend health coverage to people who are in the country illegally. According to the nonpartisan Congressional Budget Office, the Democratic plan would only restore coverage to certain categories of immigrants who are in the country legally, such as asylum seekers and people on work visas. Several government agencies posted notices on their websites blaming the "radical left" for the shutdown – a possible violation of a law known as the Hatch Act meant to insulate nuts-and-bolts government services from partisan politics.  The longest U.S. government shutdown, which stretched over 35 days in 2018-2019 during Trump's first term, ended in part after flight delays caused by air traffic controllers calling in sick. (Reporting by Courtney Rozen, Richard Cowan, Nolan D. McCaskill, Bo Erickson and David Morgan; Additional reporting by Mike Stone, Doina Chacu, Jasper Ward, Costas Pitas, Katharine Jackson and Bhargav Acharya; Writing by Andy Sullivan and James Oliphant; Editing by Scott Malone, Lincoln Feast, Alistair Bell, Daniel Wallis and Richard Chang)

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By Yuka Obayashi and Siyi Liu TOKYO/SINGAPORE (Reuters) -Oil prices rose on Thursday following losses in the previous three sessions as the potential for tighter sanctions on Russian crude lent some support, though concerns about oversupply in the market capped gains. Brent crude futures gained 20 cents, or 0.31%, to $65.55 a barrel at 0631 GMT. U.S. West Texas Intermediate crude climbed by 20 cents, or 0.32%, to $61.98 a barrel. Some analysts attributed the increases to a technical rebound, after Brent and WTI both lost about 1% in the prior session, with Brent closing at its lowest since June 5 and for WTI since May 30. "Buying interest emerged as WTI neared its $60 support level, while heightened geopolitical risks and speculation about tighter sanctions on Russian crude also lent support," said Hiroyuki Kikukawa, chief strategist of Nissan Securities Investment, a unit of Nissan Securities. The Group of Seven nations' finance ministers said on Wednesday they will take steps to increase pressure on Russia by targeting those who are continuing to increase their purchases of Russian oil and those that are facilitating circumvention. Also, the U.S. will provide Ukraine with intelligence for long-range missile strikes on Russian energy infrastructure, two officials told Reuters on Wednesday, confirming an earlier Wall Street Journal report. This will make it easier for Ukraine to hit refineries, pipelines and other infrastructure with the aim of depriving the Kremlin of revenue and oil, the WSJ said. Stockpiling demand from China, the world's largest crude oil importer, also underpinned oil prices, limiting the downside, traders said. Still, a U.S. government shutdown stoked worries about the global economy, while expectations of higher output by OPEC+, the Organization of the Petroleum Exporting Countries (OPEC) and allied producers, weighed on sentiment, capping the price gains, Nissan's Kikukawa said. U.S. President Donald Trump's administration on Wednesday froze $26 billion for Democratic-leaning states, following through on a threat to use the government shutdown to target Democratic priorities. On the supply side, OPEC+ could agree to raise oil production by up to 500,000 barrels per day in November, triple the increase made for October, as Saudi Arabia seeks to reclaim market share, three sources familiar with the talks said. That would come even as U.S. and Asian demand starts to decline. The Energy Information Administration said on Wednesday that U.S. crude oil, gasoline and distillate inventories rose last week as refining activity and demand softened. Crude inventories rose by 1.8 million barrels to 416.5 million barrels in the week ended on September 26, compared with expectations in a Reuters poll for a 1-million-barrel rise. (Reporting by Yuka Obayashi in Tokyo and Siyi Liu in Singapore; Editing by Tom Hogue and Jamie Freed)

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