Cabinet-Industry Meetings To Tackle US Tariffs, Supply Chain Risks

TaiwanPlus News

New Economy Minister Kung Ming-hsin opened his tenure by meeting some of Taiwan's largest industry groups in Taipei, pledging weekly exchanges and quarterly sessions to track business requests as US tariffs take effect. He said about US$160 million has been set aside to support industrial upgrades using domestic suppliers. Foxconn Chair Young Liu backed the approach, urging policies that encourage large firms and downstream companies to prioritize Taiwan-made components and equipment.

Transcript

00:00Taiwan's new economy minister, Gong Mingxin, spent his first day meeting with the country's largest industry groups,

00:06saying he will hold regular meetings with them as the country faces U.S. tariffs.

00:12After a closed-door meeting in Taipei, Minister Gong touted government programs to help support local industrial suppliers

00:36and promote Taiwan pavilions at international exhibitions.

00:40Leaders including Yang Liu, who chairs both electronics giant Foxconn and one of Taiwan's largest electronics industry groups,

00:47said he also supports this policy.

01:10Gong says about 160 million U.S. dollars have been earmarked for supporting industrial upgrades using domestic suppliers.

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