TAIPEI (Taiwan News) — Premier Cho Jung-tai (卓榮泰) marked his first year in office by touting Taiwan’s rapid relief plan to deal with US tariffs on Saturday.

Just two days after US President Donald Trump announced the new tariffs, Cho unveiled an NT$88 billion (US$2.91 billion) support package — one of the fastest responses worldwide, per CNA. The government launched an industry-wide tour led by President Lai Ching-te (賴清德) and Cho to ease concerns and gather feedback.

Cho said the rapid rollout reflects policy clarity and executive competence. Businesses voiced three main concerns: direct aid, electricity prices, and financial support amid global uncertainties, he explained.

Initial criticism that the package was too large soon gave way to calls for more support, Cho said. In response, the Cabinet proposed a broader NT$410 billion special bill covering industry, social welfare, and national resilience — designed to safeguard the economy against future shocks.

Of that total, NT$93 billion will go to businesses, NT$150 billion to national resilience, and NT$167 billion to social support. The plan includes funds for Taipower, health and labor insurance, and agricultural aid. Cho stressed the package is grounded in domestic needs and closely tied to real-world industrial concerns.

Looking ahead, Cho said Taiwan’s strategy has shifted. While deepening ties with the US, Taiwan must also diversify to minimize tariff risks. “We must root ourselves in Taiwan and go global,” he said.

Despite global tensions, Cho said Taiwan’s investment climate remains strong, with efficient governance and predictable costs giving local businesses an advantage.