1. The article warns that the Trump administration is ignoring critical market signals (e.g., Fed rate cuts, rising bond yields, and a weakening dollar) that indicate potential economic turmoil; 2. It draws parallels between economic warning signs and volcanic precursors, urging proactive policy adjustments; 3. The author argues for scaling back aggressive tariffs and tax cuts to mitigate economic risks.
Recent #Tariffs news in the semiconductor industry
➀ Semiconductor capital expenditures (CapEx) are expected to decrease to $155 billion in 2024, before increasing to $160 billion in 2025.
➁ TSMC plans a significant increase in CapEx for 2025, estimating between $38 billion and $42 billion, while Micron Technology is projecting $14 billion.
➂ The CHIPS Act has allocated $32 billion in grants and $6 billion in loans to support semiconductor manufacturing in the U.S.
➀ NVIDIA and AMD are shipping their latest GeForce RTX 50 and Radeon RX 9000 GPUs to the US before the new tariffs on January 20, 2025. ➁ Both companies will showcase their new GPUs at CES 2025. ➃ NVIDIA plans to release multiple RTX 50 series models, while AMD introduces the RDNA 4 architecture.
1. Wall Street's focus next week will be on 'Liberation Day' on April 2, when President Trump is expected to implement reciprocal tariffs and a 25% tariff on automobile imports. 2. The market is expected to be turbulent due to the trade war escalation. 3. Economic data, especially labor market data, will be released this week, culminating in the highly anticipated nonfarm payrolls report on Friday.
1. President Trump's 25% auto tariff announcement caused market turmoil; 2. Automakers were hit hard, with General Motors plunging over 8%; 3. BlackRock expanded its crypto footprint with a European Bitcoin ETP.
1. The market experienced a volatile week, starting with an advance and ending with a selloff. Tariffs and inflation were key factors affecting market sentiment. 2. The S&P 500 and Nasdaq Composite both fell, with the S&P 500 down -1.5% and the Nasdaq down -2.6%. 3. The Fed's preferred inflation gauge, the core personal consumption expenditures price index, rose 0.4% M/M in February, higher than the consensus estimate.
1. President Trump announced new tariffs on automobile imports, with a 25% tariff on all vehicles not manufactured in the U.S. effective April 2; 2. Analysts warn that these tariffs could significantly raise car prices and disrupt the supply chain; 3. The tariffs could lead to higher car prices in the U.S. by $5,000 to $10,000 depending on the make/model/price point.
➀ The market is currently experiencing a cold wind due to the upcoming US equivalent tariff policy on April 2nd.
➁ Three sectors are worth paying attention to: financial, resources, and chip equipment.
➂ The chip equipment sector has seen several positive developments, including the acquisition of a semiconductor testing equipment company by the National Integrated Circuit Fund and the participation of a new chip equipment company with a mysterious background in an international semiconductor exhibition.
➃ It is expected that domestic advanced G-line machines have passed the acceptance test and will enter mass production next year.
➄ The domestic advanced chip production line is expected to have a significant impact on the global chip industry.
➀ The EC has charged Google with favoring its own services over rivals in its searches and ordered Apple to further open iOS to rivals’ connected devices.
➁ The EC argues that it is merely enforcing the terms of the 2022 Digital Markets Act.
➂ Many see this as the EC throwing down the gauntlet to the new US administration, which has threatened to impose tariffs on countries imposing fines on US digital services companies.
➀ Foxconn's Chairman Young Liu claims that the Trump administration's tariff strategy is causing a 'big headache' for the company's largest tech partners.
➁ Liu discusses the impact of the U.S. government's recent trend of rapid declaration and rescinding of tariffs on Foxconn's business.
➂ The article explores how the unpredictability of the U.S. government's tariffs is affecting the tech industry and Foxconn's manufacturing plans.
1. The US has imposed another 10% tariffs on Chinese imports, including Hong Kong; 2. The recent price action has weakened the usual correlation between the 10-year Treasury yield and the dollar-yen exchange rate; 3. The dramatic reversal of the US stance under the new administration is a negative shock for Canada.
1. The S&P 500 index posted a weekly loss of over 3%, its worst performance since early September 2024, due to tariff uncertainties and mixed economic data. 2. The trade deficit hit a record high due to a surge in imports before the implementation of tariffs. 3. The February nonfarm payrolls report showed less-than-expected job growth, impacted by Trump and Musk's push for efficiency. 4. The Federal Reserve Chair Jerome Powell reassured that the U.S. economy is still in a good place. 5. The S&P 500 slipped -3.1%, the tech-heavy Nasdaq Composite slumped -3.5%, and the Dow fell -2.4% for the week.
➀ The US Chips Act is under threat after President Trump's speech in Congress;
➁ Trump urged Congress to scrap the Act and use leftover funds for other purposes;
➂ Trump believes tariffs are a better way to support domestic chip-making and cited TSMC's $100 billion investment in Arizona fabs as an example.
➀ HP has announced that by October 2025, 90% of its products for North America will be manufactured outside of China.
➁ The shift in production is a response to the Trump administration's imposition of prohibitive tariffs on imports from China.
➂ HP is working to restructure its production network to reduce reliance on China, historically a key manufacturing hub for North America.
➀ IDC forecasts smartphone unit sales to grow 2.3% in 2025, following a 6.1% increase in 2024.
➁ Android is expected to grow 40% faster than iOS in 2025, driven by a 5.6% increase in China, thanks to government subsidies.
➂ Despite iOS's 1.9% decline in China, it is forecast to grow globally by 1.8% due to strong U.S. growth.
➀ The Trump administration is considering imposing additional tariffs of over 25% on semiconductors and pharmaceuticals, following a 25% tariff on automobiles.
➁ Rapidus Semiconductors aims to mass-produce cutting-edge semiconductors by 2027 and views the US as a key export market.
➂ If the additional tariffs are applied, it could impact their mass production plans.
➃ Rapidus is seeking an exclusion based on the use of IBM technology, arguing it promotes semiconductor production in the US and contributes to the US economy.
➀ Acer CEO Jason Chen confirms laptop price hikes due to 10% tariffs on Chinese imports;
➁ The price increase is planned to be 10% next month;
➂ Acer accounts for 12% of laptop ownership in the US as of December 2024.
➀ Acer CEO Jason Chen announced a 10% price increase for laptops in the U.S. starting from March 2025, attributing it to incoming tariffs from the Trump administration.
➁ The price hike is expected to affect the assembly of laptops that left China after February 2025.
➂ The move could set U.S. customers back by $143 billion, according to the Consumer Technology Association.
1. The Trump administration's workforce reduction decision impacts federal employees significantly; 2. The article discusses the potential impact of reciprocal tariffs on global trade; 3. The author, Steven Cress, provides insights on market trends and investment strategies.
1. President Trump signed a new order imposing 25% tariffs on steel and aluminum, potentially impacting U.S. steel consumers' competitiveness. 2. GameStop's stock surged nearly 10% on speculation of a bitcoin strategy. 3. OpenAI CEO Sam Altman dismissed acquisition rumors, emphasizing the company's mission-focused approach.
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