Taiwan plans $12.6 bn special budget for US tariffs impact
Thursday, 24 April 2025 ()
Taiwan's cabinet unveils a budget of NT$410 billion to tackle US tariffs. President Lai Ching-te aims to protect exporters from a proposed 32 percent US tariff. The budget will support industries, employment, and public welfare. Coastal patrols and defense will also be strengthened. A previous assistance package is included. TSMC plans a $100 billion US investment.
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