Taiwan has planned $ 12.6 BN Special Budget for the US tariff effect

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<p>Taipei: Taiwan’s cabinet on Thursday announced a special budget of NT $ 410 billion ($ 12.6 billion) to promote security and economy against the influence of the new American tariffs.<br />Taipei said that it discussed his first tariff with the United States this month, as President Lai Ching-Tea tries to protect Taiwan’s exporters from the proposed American tariff of 32 percent.<br />US President Donald Trump has erased levy decorated on several business partners, including Taiwan, after trillions of trillions after trillions of trillions for three months.<br />Trump has maintained 10 percent of blanket duty on most countries, but has stopped plans for stator measures, except China.<br />Taiwan’s trade surplus with the United States is the seventh highest in any country, reaching $ 73.9 billion in 2024.<br />The United States has about 60 percent of its export information and communication technology products, including semiconductors.<br />Premier Cho Jung-Tai said in a statement that the special budget was in response to “our industries, export structure and overall employment markets, as well as social livelihoods and prices affected by American tariff policy”. <br />The cabinet stated that it will be divided into four areas to support industries: employment markets, public welfare and education, as well as coastal patrol and other defense facilities and equipment to strengthen flexibility by increasing flexibility.<br />The NT $ 88 billion assistance package already declared for industries hit by the new tariff will be covered by this planned budget, which requires parliamentary approval, it has been said.<br />Taiwan had demanded to avoid Trump’s danger levy by increasing increased investment in the United States, excess purchases of American energy and increasing more defense expenses.<br />Taiwan’s chipmaking giant TSMC also said that last month it would invest $ 100 billion in the United States, which was included by LAI as a “historic moment” for Taiwan-US relations.</div>
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