U.S. President Donald Trump on Wednesday announced across-the-board import tariffs, with much higher duties for dozens of trading partners

Taiwan’s government announced NT$88 billion ($2.7 billion) in aid on Friday to help local companies cope with the impact of new US tariffs.

US President Trump announced a reciprocal tariff scheme that will impose tariffs of up to 32% on Taiwan. In response, the Executive Yuan held a press conference on the afternoon of April 4, announcing an allocation of NT$88 billion (approximately US$2.

Trump said the import tariff rate for Taiwan will be set at 32%. That is bad news for American chip makers like Nvidia, Advanced Micro Devices, and Qualcomm, which are customers of Taiwan Semiconductor Manufacturing Co.

The billionaire Trump advisor has nothing to say as the president’s signature economic policy wreaks havoc. His own fortune is down billions so far.

President Trump held up a chart in the Rose Garden outlining some of the larger tariff rates he will charge some nations. China will be charged a 34% tariff, the chart said, the European Union will get a 20% levy,

Shares of many semiconductor companies, including Nvidia ( NVDA -6.53%), Broadcom ( AVGO -6.25%), and Taiwan Semiconductor ( TSM -5.99%) tumbled again today as investors processed the potential implications of President Donald Trump's tariffs on the companies and the broader tech industry.

As world markets wallowed in heavy losses Friday, countries and industries are scrambling to respond as Trump’s tariffs.

TAIPEI: Taiwan's government announced T$88 billion (US$2.67 billion) worth of financial help on Friday (Apr 4) for companies and industries to deal with the impact of US tariffs. US President Donald T