Lai Ching-te Stresses Balance Between Trade Diplomacy and Local Industry Growth; $2.7B Relief Package Announced
TAIPEI / Taiwan, 21 April 2025: Amid growing uncertainty over proposed U.S. tariffs, Taiwan President William Lai Ching-te has assured the nation’s agricultural and aquaculture sectors that their interests will not be compromised during ongoing trade negotiations with Washington.
This comes as the U.S. moves forward with 10% tariffs on countries with trade surpluses, sparing China but including export-reliant economies like Taiwan.
Although the U.S. suspended a previously announced 32% blanket tariff, Taiwanese exporters remain cautious. President Lai’s reassurance came during a meeting with aquaculture industry leaders in Chiayi County, where he highlighted the importance of preserving rural livelihoods alongside growing Taiwan’s international trade footprint.
"We will not allow Taiwan’s farmers and fishers to become bargaining chips in international trade,” said Lai, emphasizing the government's commitment to economic inclusivity and sectoral balance. He praised the industry's progress, noting that Taiwanese tilapia now commands 80% of the U.S. post-pandemic market share, up from 50–60%—a testament to the sector’s resilience and innovation.
Hou Yen-lung, CEO of the Taiwan Aquaculture Development Association, credited this success to government backing and technological advancements. However, he urged the administration to maintain support amid tariff uncertainty and to address key issues like fish disease prevention, which remains critical to Taiwan’s aquaculture exports.
Lai cited breakthroughs such as the Fisheries Research Institute’s development of lab-grown narrow-barred mackerel, which diversifies the nation’s aquaculture portfolio and enhances export potential.
To strengthen sectoral stability, the government is preparing a NTD 88 billion (USD 2.7 billion) relief package, with NTD 10 to 20 billion earmarked for agriculture and fisheries. The plan emphasizes long-term growth strategies rather than temporary fixes.
"Not everyone can work at TSMC," Lai added, referring to Taiwan’s semiconductor dominance. "Agriculture and fisheries are just as essential to our economy and cultural identity. Every worker contributes to Taiwan’s strength."
Looking ahead, Lai encouraged Taiwanese investment in the U.S. market to secure access and diversify risks amid volatile trade policies. A second round of tariff talks with U.S. officials is expected soon, following the April 11 discussions.
With global attention on trade realignment, Taiwan appears set to defend its rural industries, while proactively positioning itself in agri-tech, aquaculture exports, and sustainable food production.
Image credit: yenisafak.com
