President Lai Ching-te Emphasizes No Sacrifice of Any Industry in Response to U.S. Tariff Impact

President Lai Ching-te pointed out during a discussion with representatives from New Taipei's industrial park on the morning of the 2nd that the United States proposed a global equal tariff policy, and our country has already initiated the first round of negotiations with the U.S. To address this challenge, the Executive Yuan has passed the draft of the "Special Regulations on Strengthening Economic, Social, and National Security Resilience in Response to International Situations," with a budget allocation of NT$410 billion to support affected industries.
President Lai emphasized that the government will adhere to three main principles: protecting national interests, maintaining the development space for Taiwanese industries, and not sacrificing any industry. He hopes to turn crises into opportunities and create economic miracles for Taiwan.
The President noted that small and medium-sized enterprises (SMEs) are crucial to Taiwan's economy and are under significant pressure from the equal tariff policy, which affects them directly or indirectly. The government is very concerned about the difficulties faced by SMEs and has allocated NT$93 billion to support affected industries and NT$167 billion for social support.
Additionally, the President mentioned that the stability of consumer price index (CPI) at around 3% is due to not raising electricity rates during the pandemic, unlike many other countries. The government's goal is to keep the year-on-year CPI growth rate below 2% to maintain price stability.
He concluded by stating that while the U.S. tariff policy has a significant impact on Taiwan, the resilience of Taiwan's economy has been positively assessed by the international community, and he hopes for the best results in future negotiations.