Taiwan unveils NT$410 billion budget to counter US tariffs; focuses on industry support and defense, includes TSMC investment.

Taiwan’s cabinet has revealed a budget of NT$410 billion to counter US tariffs, with President Lai Ching-te leading the charge to shield exporters from a looming 32 percent tariff. The budget is designed to bolster industries, enhance employment opportunities, and improve public welfare, as well as fortify coastal patrols and defense mechanisms. This financial plan also encompasses a previously implemented assistance package. In related news, Taiwan Semiconductor Manufacturing Company (TSMC) has announced intentions to make a significant investment of $100 billion in the United States.

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