Taiwan plans $12.6 bn special budget for US tariffs impact

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.

Source:: https://timesofindia.indiatimes.com/world/rest-of-world/taiwan-plans-12-6-bn-special-budget-for-us-tariffs-impact/articleshow/120574956.cms