Taiwan banks roll out liquidity relief for tariff-hit firms

The Bankers Association of the ROC has introduced a relief package to support Taiwanese firms facing liquidity stress after the U.S. imposed a 32% tariff on Taiwanese goods on April 2, later delayed by 90 days. Approved by the Financial Supervisory Commission, the measure allows companies that remain operational and current on debt payments to apply for a six-month extension on principal due before December 31. New loans under a government-backed tariff relief programme will see eased collateral terms, especially for those guaranteed over 80% by the SME Credit Guarantee Fund. Banks are advised to streamline credit assessments, expedite processing, and apply simplified reviews for smaller loans. The initiative aims to support export-reliant firms, particularly smaller manufacturers, amid growing trade tensions.