Taiwan unveils $2.7 billion in help for companies to deal with US tariffs

Record ID: 1988238

  • Title: Taiwan unveils $2.7 billion in help for companies to deal with US tariffs
  • Date: 4th April 2025
  • Summary: TAIPEI, TAIWAN (APRIL 4, 2025) (REUTERS) OFFICIALS ENTERING HALL CAMERA OPERATORS FILMING OFFICIALS SEATED ON STAGE (SOUNDBITE) (Mandarin) TAIWAN PREMIER, CHO JUNG-TAI, SAYING: "Even though the changes in the U.S. government during this period are quite uncertain, and can be quite drastic, the (Taiwan) government's responsibility is to continue to manage and control the ri
  • Embargoed:
  • Keywords: Donald Trump Taiwan United States tariffs trade
  • Location: TAIPEI, TAIWAN
  • City: TAIPEI, TAIWAN
  • Country: Taiwan
  • Topics: Asia / Pacific,Economic Events
  • Reuters ID: LVA001424204042025RP1
  • Aspect Ratio: 16:9
  • Story Text:Taiwan's government announced T$88 billion ($2.67 billion) worth of financial help on Friday (April 4) for companies and industries to deal with the impact of U.S. tariffs.
    Speaking at a news conference in Taipei, Premier Cho Jung-tai reiterated that the government regarded the tariffs as unreasonable, saying it would provide T$88 billion to help companies affected, with the electronics and steel sectors among those worst impacted.
    Finance Minister Chuang Tsui-yun, speaking next to Cho, said the government would also provide an interest rate reduction on loans for exporters worth T$200 billion.
    U.S. President Donald Trump on Wednesday (April 2) announced across-the-board import tariffs, with much higher duties for dozens of trading partners including Taiwan, which runs a large trade surplus with the United States and is facing a 32% duty on its products.
    The U.S. tariffs, however, do not apply to semiconductors, a major Taiwanese export.
    Taiwan, for whom the United States is the island's most important international backer in the face of mounting Chinese pressure over Beijing's sovereignty claims, has not announced any retaliatory tariffs.
    (Production: Walid Berrazeg, Angie Teo)
  • Copyright Holder: REUTERS
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