Reported 1 day ago
Taiwan's President Lai Ching-te met with tech executives to strategize a response to new U.S. tariffs that impose a 32% duty on Taiwanese products, while exempting semiconductors. Aiming to maintain Taiwan's competitiveness and protect national interests, Lai discussed the challenges these tariffs bring to the global economy with representatives from the ICT industry, including TSMC and Foxconn. The Taiwanese government announced a financial aid package to assist affected businesses and has stated it will engage with the U.S. regarding the tariffs without imposing retaliatory measures.
Source: YAHOO