Taiwan responds to new US tariffs on chips

President Donald Trump pledged last week to impose an additional 25% tariff on U.S.-bound imports of cars, semiconductors and medical products, possibly after April – a move that experts believe could significantly affect Taiwan.

TSMC, which is based in Taiwan and the world’s largest contract chipmaker, may suffer the most as 60% of its revenues are believed to be generated in the U.S.

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