Taiwan, Trump
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The decision not to impose tariffs on the chip sector does not mean they won’t be coming for Taiwan or anywhere else, including South Korea, another major source of chips.
From The New York Times
US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish.
From BBC
World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries.
From Reuters
Read more on News Digest
U.S. President Donald Trump on Wednesday announced across-the-board import tariffs, with much higher duties for dozens of trading partners
Taiwan said on Thursday that U.S. tariffs levied on the island were unreasonable and it would discuss them with Washington, partly blaming U.S. tech curbs on China in President Donald Trump's first term for driving the trade imbalance.
US President Trump announced a reciprocal tariff scheme that will impose tariffs of up to 32% on Taiwan. In response, the Executive Yuan held a press conference on the afternoon of April 4, announcing an allocation of NT$88 billion (approximately US$2.
Mr Trump said Taiwan would be subject to tariff of 32 per cent. Read more at straitstimes.com. Read more at straitstimes.com.
Trump said the import tariff rate for Taiwan will be set at 32%. That is bad news for American chip makers like Nvidia, Advanced Micro Devices, and Qualcomm, which are customers of Taiwan Semiconductor Manufacturing Co.
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President Trump held up a chart in the Rose Garden outlining some of the larger tariff rates he will charge some nations. China will be charged a 34% tariff, the chart said, the European Union will get a 20% levy,
Taiwan President Lai Ching-te said on Wednesday ahead of an announcement of sweeping import tariffs by the United States that the island is an "indispensable" member of the global supply chain and it would defend its companies' interests.
Shares of many semiconductor companies, including Nvidia ( NVDA -6.53%), Broadcom ( AVGO -6.25%), and Taiwan Semiconductor ( TSM -5.99%) tumbled again today as investors processed the potential implications of President Donald Trump's tariffs on the companies and the broader tech industry.
This will include NT$70 billion for the manufacturing industry and NT$18 billion for the agricultural industry.