The US president is expected to announce “reciprocal tariffs“ on Wednesday, which he has dubbed “Liberation Day”, saying Washington was fighting back after years of being “ripped off”.
Taiwan's trade surplus with the United States is the seventh highest of any country, reaching US$73.9 billion in 2024.
“All scenarios have been analysed and evaluated to identify suitable responses and determine how best to assist domestic industries in managing the impact,“ he said without elaborating.
Taiwan -- a powerhouse in semiconductor chip manufacturing -- has pledged to increase investment in the United States in a bid to head off tariffs.
Taiwan hopes chipmaking titan TSMC's recently announced plan to invest US$100 billion in the United States will help it avoid penalties on the sector, which is a major driver of the island's economy.
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