In a surprising turn, the U.S. and China agreed to a 90-day pause on their escalating tariff battle, giving global markets a reason to breathe — at least for now.
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Tag: Tariff War
TSMC Posts Strong Q1 Amid AI Chip Boom, Keeps 2025 Growth Outlook
TSMC’s Q1 profits surged 60% to NT$361.56 billion, fueled by rising AI chip demand. Advanced tech like 3nm and 5nm chips led sales, with AI and 5G making up 59% of revenue. Despite U.S. trade tariff risks, TSMC maintained its 2025 growth forecast and continues investing billions in U.S. manufacturing expansion.
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China’s exporters hit hard as USA tariffs freeze orders
After the U.S. hiked tariffs on Chinese goods by 145%, many Chinese exporters like Conmo Electronic are watching U.S. orders vanish. At the Canton Fair, sellers voiced worries about frozen deals, delayed orders, and shifting markets. Some firms eye other regions like Nigeria, but many fear layoffs if this trade standoff drags on.
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Nasdaq Plummets Over 3% as Tariff War Sparks Recession Fears
The Nasdaq dropped over 3%, hitting a six-month low, amid concerns of an economic slowdown from escalating tariff wars. The S&P 500 is nearing a critical support level, while volatility surged. Tech stocks like Nvidia, Microsoft, and Tesla saw significant losses. Investors are worried about potential recession risks due to shifting trade policies and uncertainties around tariffs.
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