President Lai Ching-te (賴清德) said the government has launched an NT$18 billion (US$590 million) support package for Taiwan’s agriculture and fisheries sectors to mitigate the impact of new U.S. tariff policies.

Speaking Monday at a ceremony honoring the “Taiwan Top Ten Agricultural Experts,” now in its 49th year, Lai praised organizers Kiwanis International Taiwan and the Taiwan Agriculture Exchange Association for their dedication to social service and transparent selection. He said their efforts highlight the achievements of experts across diverse agricultural fields.

Lai acknowledged that Taiwan’s agriculture faces mounting challenges, from extreme weather and global trade realignment to labor shortages caused by an aging farming population. He said these obstacles require cooperation between the government and industry to overcome.

To counter the effects of U.S. tariffs, Lai said the NT$18 billion package focuses on three main areas and six initiatives: providing financial support, enhancing competitiveness, and expanding into new markets. The measures aim to ensure both short-term relief and long-term sustainability for Taiwan’s agriculture and fisheries.

He emphasized that his administration will stand with farmers, ensuring that Taiwan’s agricultural products not only thrive locally but also secure a stronger presence in global markets.