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Stock impact report

Asia tries to prepare for Trump's ‘Liberation Day' wave of new tariffs: ‘We're working on this matter nonstop, even on weekends' [Fortune]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Company Research Source: Fortune
Eastern Time in the Rose Garden, as the president seeks to retaliate against what he sees as mistreatment by the U.S.'s trading partners. Many of those trading partners are in Asia, where governments are already trying to prepare for what may be coming. On Monday, Vietnam—which enjoys a large trade surplus with the U.S.—said it would cut import duties on a range of products including cars, food products, and liquefied natural gas. Vietnam has benefited from companies reshoring their supply chains away from China; the Southeast Asian country now has the third-largest trade surplus with the U.S. That's put it high on the list of countries at risk of steep Trump tariffs—and Hanoi could be preemptively offering concessions to avoid triggering a trade war. India is also offering to slash import taxes on agricultural products like almonds and cranberries, Reuters reported last week. The South Asian country, which had a $47.5 billion trade surplus with the U.S. last year, is reported Show less Read more
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