Taiwan's Cabinet says it has a plan for bringing down the U.S.'s paused 32% tariffs on the country, including buying more U.S. goods and investing more in the U.S. to lower the trade imbalance. It also has put forth a plan for helping the most-affected industries, including agriculture and manufacturing. The Cabinet wants the legislature's support, but some opposition lawmakers are concerned that the government is giving in too much to Trump's demands for trade domination.
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00:00Taiwan's cabinet has promised more government support for its manufacturing and agricultural
00:05industries, two industries which are expected to be hit hard if the U.S. falls through on new
00:10tariffs. On Wednesday, Trump announced a 90-day pause to the so-called reciprocal tariffs except
00:16on China, putting a halt to tariffs of 32% on Taiwan, although a flat tariff of 10% is still
00:23in place. Taiwan's President Lai Xingde says the country will be in the first round of discussions
00:27with the U.S. as countries clamor to negotiate with the U.S. and get tariffs retracted. Lai has
00:33proposed a zero-tariff basis, suggesting Taiwan would buy more U.S. goods and invest more to even
00:39out the U.S.'s trade deficit. Taiwan's Premier asked for support from the legislature for these
00:44discussions, but opposition legislators are concerned that Taiwan may be playing too nice
00:49with the U.S.
00:57While Taiwan hopes to get on with talks with the U.S. as soon as possible, it will need
01:16to balance its relations with its closest unofficial ally and the interests of Taiwanese people to ease
01:23economic uncertainties abroad and at home. Chris Ma and Tiffany Wong in Taipei for Taiwan Plus.