TAIPEI, April 5 (Reuters) - Taiwan President Lai
Ching-te met tech executives on Saturday to discuss how to
respond to new U.S. tariffs, promising to ensure Taiwan's global
competitiveness and safeguard the island's interests.
President Donald Trump announced across-the-board import
tariffs on Wednesday with much higher duties for dozens of
trading partners, including Taiwan, which runs a large trade
surplus with the United States and is facing a 32% duty on its
products.
The U.S. tariffs, however, do not apply to semiconductors, a
major Taiwanese export.
Lai met the executives at his official residence to discuss
the response to "the global economic and trade challenges
brought about by the reciprocal tariff policy", his spokesperson
Karen Kuo said in a statement.
She did not say which companies were present, only that
there were several representatives from the information and
communications technology, or ICT, industry.
Lai "hopes to give industry the greatest support, stabilise
the economic situation, ensure Taiwan's industry's global
competitiveness, and safeguard our country's national interests
and the continued steady progress of our economy", Kuo said.
Taiwan is home to TSMC, the world's largest
contract chipmaker and an important supplier to companies
including Apple ( AAPL ) and Nvidia ( NVDA ).
TSMC did not immediately respond to a request for comment on
whether it attended the meeting. TSMC is in its quiet period
ahead of first quarter earnings announcement on April 17.
On Friday, Taiwan's government unveiled T$88 billion ($2.67
billion) in financial help for companies and industries to deal
with the impact of the U.S. tariffs.
Taiwan, which says the tariffs are unreasonable, has said it
will discuss them with the United States and has not announced
any retaliatory tariffs.