On Friday, the Taiwanese government announced a plan to allocate 88 billion New Zealand dollars (approximately 2.7 billion USD) to assist local businesses facing challenges due to new tariffs imposed by the United States. This decision holds significant strategic importance for the local economy and is aimed at supporting key sectors affected by changes in international trade.
In March, manufacturing activity in China surged to its fastest pace in a year, according to a survey conducted among factories nationwide. A significant boost in new orders has invigorated production, providing a welcome respite for the world's second-largest economy amid an escalating trade war with the United States. This growth serves as a compelling indicator to policymakers that the financial support implemented this year is paying off. With an economic valuation of approximately 18 trillion dollars, the country is poised to benefit even further as international buyers begin to stock up in anticipation of further trade restrictions imposed by the U.S.