The US tariffs are also expected to hit Taiwan, which has a large trade surplus with the United States and is facing a 32% tariff on its products. But Taiwan's government announced at least $288 billion in financial aid for companies and industries to help them cope with the impact of the US tariffs. The US tariffs will not apply to semiconductors, a major Taiwanese chip export.
Speaking at a press conference in Taipei, the Taiwanese premier reiterated that the government considered the tariffs unreasonable, saying he would provide $88 billion to help affected companies, with the electronics and steel sectors among those worst hit. The president added that he had asked Taiwan's Trade Negotiations Office to talk to the United States in an effort to mitigate the impact of the tariffs.
Taiwan, for which the United States is the island's most important international supporter in the face of growing Chinese pressure over Beijing's sovereignty claims, has not announced any retaliatory tariffs. (A2 Televizion)
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