President Trump Announces 32% Tariffs on Taiwan. Is It Time to Sell Taiwan Semiconductor Stock?
After questions were circling about U.S. tariff rates, we finally got our answer. On April 2, President Donald Trump announced reciprocal tariff rates, and one of the highest was with Taiwan at 32%.This is much higher than the 10% base rate that many countries were hit with, and it concerned many investors because nearly all high-end chips are purchased from Taiwan Semiconductor (NYSE: TSM). A 32% tariff on these high-end chips would drastically affect the prices of smartphones, PCs, and, most importantly, computing hardware used to train artificial intelligence (AI) models.This tariff announcement caused Taiwan Semiconductor's stock to tumble 7%. So, is it time to panic like the market and sell this stock?Continue reading
After questions were circling about U.S. tariff rates, we finally got our answer. On April 2, President Donald Trump announced reciprocal tariff rates, and one of the highest was with Taiwan at 32%.
This is much higher than the 10% base rate that many countries were hit with, and it concerned many investors because nearly all high-end chips are purchased from Taiwan Semiconductor (NYSE: TSM). A 32% tariff on these high-end chips would drastically affect the prices of smartphones, PCs, and, most importantly, computing hardware used to train artificial intelligence (AI) models.
This tariff announcement caused Taiwan Semiconductor's stock to tumble 7%. So, is it time to panic like the market and sell this stock?
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