Taiwanese businesses urge the Cabinet for a more comprehensive plan to manage potential blowback from the U.S.'s 32% tariff on Taiwanese exports, which have been paused for 90 days. An industry representative from New Taipei says "no amount of money" will be enough to avoid a crisis resulting from U.S. President Donald Trump's steep tariffs.
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00:00Taiwanese firms are pushing for a more comprehensive plan to respond to paused U.S. tariffs,
00:05saying government subsidies are not enough.
00:22Officials have been consulting industry representatives across the country
00:26on how to brace Taiwan's export-dependent economy for the 32 percent tariffs,
00:31which have been paused for 90 days.
00:33Premier Zhong Ongtai says he will share the full details of a 20-point response plan soon.
00:38The cabinet has already pledged almost US$3 billion in subsidies to help local businesses.