Taiwan Financial News

Trump announced expansive new import tariffs Wednesday, including a 32% tax on imports from Taiwan. That same day, Gutierrez ordered the laptop, with a base price of $2,400, from a retailer in New York specializing in photo and video gear. «I thought I'd bite the bullet, buy it now, and then that way I'll have the latest technology on my laptop and don't have to worry about the tariffs,» he said. Gutierrez was among the U.S. consumers rushing to buy big-ticket items before the tariffs take effect. Economists say the tariffs are expected to increase prices for everyday items, warning of potentially weakened U.S. economic growth. The White House hopes the tariffs prod countries to open their economies to more American exports, leading to negotiations that could reduce tariffs, or that companies increase their production in the U.S. to avoid higher import taxes. Rob Blackwell and his wife needed a new car that could handle long drives from Arlington, Virginia, to their son's college. Their current electric vehicle is older with a limited range, and it will soon be used by his daughter, who is on the verge of getting her driver's license.

Indian equities were swamped by a wave of selling that swept riskier assets globally on Friday, tracking Wall Street's overnight slump-the worst since 2020-in response to US President Donald Trump's reciprocal tariff regime that has led to fears about a global downturn. NSE Nifty fell 1.5%, or 345.65 points, to finish at 22,904.45. BSE Sensex dropped 1.2%, or 930.67 points, to 75,364.69. The slump wiped out ₹10 lakh crore in market value Friday.

Of the 12 aircraft sorties, nine crossed the median line of the Taiwan Strait and entered Taiwan's southwestern and eastern Air Defense Identification Zones (ADIZ). In a post on X, the MND wrote, «12 sorties of PLA aircraft and 6 PLAN vessels operating around Taiwan were detected up until 6 a.m. (UTC+8) today.» It added, «9 out of 12 sorties crossed the median line and entered Taiwan's southwestern and eastern ADIZ. We have monitored the situation and responded accordingly.»

Similarly, mined metal production at Vedanta's Zinc India division rose 4 per cent to 3,10,000 tonnes, driven by improved mined metal grades and mill recovery. The production of mined metal at the Zinc International division for the fourth quarter was 50,000 tonnes, up 52 per cent year-on-year, the company said in a statement.

artificial intelligence infrastructure in the country, likely undermining a key goal of the administration, analysts said on Thursday. Trump and technology executives have touted lofty plans by Oracle, SoftBank and others to invest heavily in artificial intelligence since his return to the White House earlier this year. On Wednesday, Trump slapped steep duties on leading technology equipment suppliers including 34% on China, 32% on Taiwan and 25% on South Korea while imposing a 10% baseline tariff on all imports to the U.S.

Fitch Ratings. The ratings agency said the new tariffs, announced on what is labelled as “Liberation Day” by the US administration, go far beyond what it had previously expected and are already altering the global economic outlook. The tariff regime now imposes a minimum rate of 10% on all US trade partners, with significantly higher levies on 57 selected countries. As a result, the effective tariff rate (ETR) for EU imports into the US has jumped to about 20%, while the rate on Chinese goods has surged to 64%. These figures compare with Fitch’s earlier March assumptions of 15% for the EU and 35% for China. Other Asian economies have also been hit hard. Vietnam now faces a 46% tariff, Thailand 36%, Taiwan 32%, India 26%, South Korea 25%, Malaysia 24% and Japan 24%. Sector-specific exclusions—such as semiconductors, pharmaceuticals, copper and lumber—may be negotiated separately. Also Read: Recession, not Liberation Day! India, US and world GDP may slump for Trump tariff 'insanity' «We estimate the changes will raise the overall US ETR to about 25%, which would be significantly higher than the 18% we had assumed for 2025 in the March GEO and the highest rate for more than 115 years,» Fitch said.

Taiwan Semiconductor Manufacturing Co (TSMC) have reached a preliminary agreement to form a joint venture to operate Intel's chipmaking facilities, tech news outlet The Information reported on Thursday. The Trump administration reportedly initiated the talks between the two semiconductor giants in an effort to revitalize Intel, which has struggled with manufacturing setbacks in recent years. TSMC was set to take a 20% stake in the new company, The Information said.

Auto and IT shares were the laggards, while power, pharma and consumption stocks remained steady.

United States President Donald Trump Wednesday imposed reciprocal global tariffs on the trading partners that sent shock waves around the world and markets plunging.

global trade war. The 10-year Treasury yield fell by 11 points to 4.085 per cent. This is the lowest level in six months while the two-year yield dropped by 9.5 basis points to 3.809 per cent. The broader bond market, as per reports, echoed this trend, with the 30-year Treasury yield slipped to 4.44 per cent. The 1-year Treasury yield declined to 3.957 per cent. The fall in yields is an indicator of the shift in investor sentiment towards safer assets amid looming economic uncertainty.

Following Trump’s announcement, Nvidia stock fell over 5%, while its competitor Advanced Micro Devices (AMD) dropped about 4%. Broadcom (AVGO) saw a steep 7% decline, and Micron Technology (MU), a key memory chip supplier for Nvidia’s GPUs, also lost 7% in value. TSMC, the Taiwanese giant responsible for manufacturing advanced semiconductors for companies like Nvidia and Apple (AAPL), also sank approximately 5%. This reaction in the stock market reflects growing fear

Donald Trump on Thursday said that the US economy would emerge «far stronger» even as markets went down globally after the reciprocal tariffs. Taking to social media platform Truth, Trump said, «The operation is over! The patient lived and is healing. The prognosis is that the patient will be far stronger, bigger, better and more resilient than ever before.» White House Press Secretary Karoline Leavitt also reassured US markets. «To anyone on Wall Street this morning, I would say, 'Trust in President Trump.' This is a president who is doubling down on his proven economic formula,» she said while speaking with CNN. She said the tariffs, which include 10 percent across the board levies on imports and steeper barriers on several countries including India, meant «the United States is no longer going to be cheated by foreign nations.»

Manishi Raychaudhuri, Veteran Investor, says India is somewhere in the middle of the pack. Headline tariffs show that some Southeast Asian countries have been slapped with much larger tariffs. So all this is playing out, and the market did not have a drastic fall post the tariff announcement. However, we should not lull ourselves into a sense of security, just going by what we are seeing today. Tariffs at the rate of 34% have been slapped on China, add 20% of historical tariff and that makes it 54%. It is 26% in India, 40% in Vietnam and when such tariffs are slapped, financial markets get into a panic mode. But that is not happening. It is a good morning for Asia this morning. Markets have recovered from the day's low. Are markets getting complacent or it is time to move on? Manishi Raychaudhuri: To some extent, there is the possibility of demand retrenchment across the world, but particularly in the United States, that situation has not yet been factored in. The initial reaction of the market despite this is what I call a nuclear trade, almost a ‘nuclear battle’ in a sense in the trade regime.

Here's a look at some of the new tariff regime's key features, as detailed in Trump's executive order.

global trade tensions and sparking uncertainty in markets worldwide. These tariffs, designed to counter what Trump calls unfair trade practices, are expected to reshape global commerce in a significant way.

transnational repression" and acts that threaten to further erode the city's autonomy, drawing condemnation from the territory's government Tuesday. The six officials included Justice Secretary Paul Lam, security office director Dong Jingwei and police commissioner Raymond Siu. The sanctions are expected to further escalate tensions between Washington and Beijing, who are already locked in friction over trade tariffs and other issues like Taiwan. «Beijing and Hong Kong officials have used Hong Kong national security laws extraterritorially to intimidate, silence, and harass 19 pro-democracy activists who were forced to flee overseas, including a US citizen and four other US residents,» the US State Department said. The statement dated Monday said the six officials sanctioned were linked to entities or actions that engaged in coercing, arresting, detaining or imprisoning individuals under the authority of the city's security law, or implementing the law. The other three affected officials were Sonny Au, the secretary-general for the city's committee for safeguarding national security, and Dick Wong and Margaret Chiu, both assistant commissioners of the police.

The United States sanctioned six Chinese and Hong Kong officials who it alleged were involved in “transnational repression” and acts that threaten to further erode the southern Chinese city’s autonomy

Marco Rubio announced on Monday (local time) the imposition of visa restrictions on Chinese officials responsible for limiting the access of US officials to Tibetan areas. This move is in response to the Chinese Communist Party's (CCP) long-standing refusal to allow US diplomats, journalists, and international observers into Tibet while Chinese officials enjoy unrestricted access to the United States. «Today, I am taking steps to impose additional visa restrictions on Chinese officials determined to be substantially involved in the formulation or execution of policies related to access for foreigners to Tibetan Areas, pursuant to the Reciprocal Access to Tibet Act of 2018,» Rubio said in a statement. «For far too long, the Chinese Communist Party (CCP) has refused to afford US diplomats, journalists, and other international observers access to the Tibet Autonomous Region (TAR) and other Tibetan areas of China, while China's diplomats and journalists enjoy broad access in the United States. US diplomats are also unable to provide services to US citizens traveling in Tibet,» he added. Further, the US urged the CCP to immediately address this issue and allow diplomats and others unrestricted access to TAR.

Indian equities ended the financial year to March 31 on a positive note, but gains were modest against the previous fiscal year and compared with many other global markets. A wave of selling pressure from foreigners in the second-half of April-March eroded most of the gains, pushing indices to multi-month lows and denting overall sentiment. India, the world’s fifth-largest equity market in value, lagged behind more than six major global markets, including Hong Kong, Singapore, Germany, China, the UK, Taiwan and the US as foreign investors turned bearish on India on account of slowing growth concerns and expensive share valuations.

Pete Hegseth called Japan on Sunday an «indispensable partner» in deterring growing Chinese assertiveness in the region and announced upgrading the US military command in Japan to a new «war-fighting headquarters.» Hegseth, who is on his first Asia trip with Japan as his second stop, also stressed the need for both countries to do more to accelerate the strengthening of their military capability as the region faces China's assertive military actions and a possible Taiwan emergency. «Japan is our indispensable partner in deterring Communist Chinese military aggression,» Hegseth said at the beginning of his talks with Japan's Defence Minister Gen Nakatani in Tokyo. «The US is moving fast, as you know, to reestablish deterrence in this region and around the world.» His comments come as an assurance at a time when Japan has been worried about how US engagement in the region may change under President Donald Trump's «America First» policy, Japanese defence officials said, speaking on condition of anonymity, citing protocol. ALSO READ:'I am almost done...': Elon Musk to step down from DOGE and quit Washington DC after $1 trillion in US govt cuts