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Stock impact report

Taiwan‘s President Lai pledges more investment in U.S., removal of trade barriers after Trump tariffs [Globe and Mail, The (Toronto, Canada)]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Taiwan’s President Lai Ching-te said on Sunday that Taiwan will not impose reciprocal trade tariffs against the United States, but will remove trade barriers, and that Taiwanese companies will gradually increase their investments in the country. U.S. President Donald Trump announced across-the-board import tariffs on Wednesday, with much higher duties for dozens of trading partners, including Taiwan, which runs a large trade surplus with the U.S. and faces a 32% duty on its products. The U.S. tariffs, however, do not apply to semiconductors, a major Taiwanese export. Meeting executives from small and medium-sized companies at his residence, Lai said given Taiwan’s dependence on trade the economy would inevitably have a hard time dealing with the tariffs, but that he thought the impact could be minimized. “In the face of the U.S. ’reciprocal tariffs', Taiwan has no plans to take tariff retaliation, and there will be no change in the investment commitments of enterprises to the Unit Show less Read more
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