Taiwan’s cabinet has recently revealed a budget of NT$410 billion in an effort to address the impact of US tariffs. President Lai Ching-te’s primary goal is to shield exporters from a potential 32 percent tariff imposed by the United States. The allocated budget will not only provide support to various industries but also focus on boosting employment opportunities and enhancing public welfare programs. Additionally, there will be an emphasis on reinforcing coastal patrols and defense mechanisms to safeguard national interests. This budget initiative builds upon a previous assistance package introduced to mitigate the effects of global trade tensions. In related news, Taiwan Semiconductor Manufacturing Co. (TSMC) has announced plans for a substantial US investment of $100 billion.

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Taiwan unveils NT$410 billion budget to counter US tariffs, boost economy and protect exporters; TSMC plans $100 billion US investment
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