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International Business Times
International Business Times
World

Taiwan Earmarks $2.7 Bn To Help Industries Hit By US Tariffs

Shipping containers are seen at the Port of Keelung, in Keelung, Taiwan (Credit: AFP)

Taiwan has earmarked $2.7 billion to help industries affected by US President Donald Trump's new tariffs, the government said Friday.

Taipei had sought to avoid Trump's threatened levies by pledging increased investment in the United States and more purchases of US energy, but it was still hit by a 32 percent tax on its imports, excluding semiconductor chips.

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