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2025-04-20

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In response to the tariff war! Lai Ching-te invites business representatives to hold a meeting at the official residence.

In response to the tariff war! Lai Ching-te invites business representatives to hold a meeting at the official residence.
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Vice Premier Lai Ching-te invited industry representatives to the official residence this afternoon to discuss the impact of the 32% tariff imposed by the U.S. on Taiwan. The attendees unanimously agreed that efforts should be based in Taiwan and aimed at global expansion, and they suggested that the government proceed cautiously with negotiations and first propose industry support plans. A second discussion will be held tomorrow to engage in in-depth exchanges with representatives from traditional industries and small and medium-sized enterprises. The spokesperson for the Presidential Office stated that Lai Ching-te hopes to listen to industry needs through this meeting and ensure the competitiveness of Taiwan's industries globally.

▲Lai Ching-te invited industry representatives to discuss the U.S. tariff policy at his residence this afternoon.

The U.S. President announced a 32% tariff on Taiwan. In response to this impact, President Lai Ching-te convened several industry representatives for a meeting at 3 PM today. The participants unanimously agreed that Taiwan should focus on a global strategy and support the government's negotiations while leveraging its available resources, prioritizing the development of industry stabilization plans before taking action.

  • To respond to the U.S. reciprocal tariff policy, Lai Ching-te convened about 10 business representatives for a meeting this afternoon.
  • A second corporate forum will be held tomorrow, inviting representatives from traditional industries and small and medium-sized enterprises to express the views and needs of frontline operators to Lai Ching-te and the Executive Yuan Premier in person.
  • The Premier held a 2-hour press conference with his team on the 4th to discuss the impact of U.S. tariffs on Taiwan's industries and an 88 billion assistance plan, prioritizing the stabilization of industry confidence.
  • Subsequently, the Premier reconvened leaders from relevant departments to discuss financial measures and strategies for Taiwan's stock market and industries.

Participants pointed out that although countries have different responses to the U.S. tariff policy, it is still necessary to closely monitor future developments. In this regard, the Presidential Office spokesperson stated that Lai Ching-te hopes to listen to the needs and opinions of various industry players through this forum and explain the government's relevant response measures to garner maximum support for the industry and maintain Taiwan's competitiveness globally.