💨 Abstract

Taiwan's premier proposed a $10 billion special budget to mitigate the effects of potential US tariffs, increasing the initial aid package to $12.61 billion. The budget includes financing assistance for companies, job market stabilization measures, and electricity subsidies. The special budget needs parliament approval, where opposition parties have imposed cuts on the main budget. Taiwan is negotiating with the US on tariffs, aiming to increase purchases of US natural gas and oil.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖