Taiwanese goods like electronics, IT products, steel and auto parts will be significantly impacted by the tariffs, while exports of tea and fish could see reduced consumer demand or become less competitive, the premier added.
Taiwan’s government announced NT$88 billion ($3.56 billion) in aid on Friday to help local companies cope with the impact of new US tariffs.
This will include NT$70 billion for the manufacturing industry and NT$18 billion for the agricultural industry, Premier Cho Jung-tai said at a briefing. The funds will come from a special budget, which needs to be approved by parliament.
