The tariff turbulence started by US President Donald Trump has slowly reached more shores, and Trump has unravelled his tariff plans one after the other.
A Storm Around The Corner
One of the key focal points of the current US administration is the trade deficit it shares with other countries, along with the reindustrialization of the US.
Taiwan, and particularly, Taiwan Semiconductor Manufacturing Company or TSMC therefore comes in particular focus. TSMC is the largest maker advanced chips.
And one of its biggest customers is the US, through the American companies, that, just like the rest of the world, is heavily and almost perniciously reliant on TSMC and its semiconductor realm.
As a result of this, the company and its future remains in peril. It is highly likely that Trump might throw the tariff axe at Taiwan as well, thereby, potentially hurting the island nation.
Company Shares On Friday
The impact of this fear is also being reflected in the value of the company shares as well.
The value of TSMC shares listed on TAIEX or Taiwanese Exchange has once again dipped in red.
On Friday, March 14, the company shares, at the time of writing, were trading in red with cuts of 0.62 per cent or 6.00 Taiwanese Dollar (TWD).
These numbers are not an outlier, as the stock of the company, that consumes most of the energy and other resources in the country have shrank significantly over the past month of trade.
TSMC Shares In The Past Month
In the past month of trade, the company shares have seen their value dissipating. This has brought the overall decline in a month to 9.53 per cent or 101.00 Taiwanese Dollar (TWD).
The overall value of the company equity stands at TWD 959.00, slumping the milestone mark of a TWD 1,000. One US Dollar is currently worth around 32.97 Taiwanese Dollar (TWD).
