1. President Trump has increased his tariff rhetoric, indicating the possibility of harsher tariffs in the near future. 2. Treasury Secretary Scott Bessent is reported to favor a 2.5% universal tariff rate on U.S. imports, which Trump wants to be 'much bigger'. 3. Trump plans to impose tariffs on various products, including steel, aluminum, and pharmaceuticals, to bring production back to the U.S.
Recent #Tariffs news in the semiconductor industry
1. The equity market experienced volatility as President Trump asked OPEC to lower oil prices and reintroduced tariff threats on Chinese imports. 2. Despite the volatility, major indices ended the week higher. 3. Netflix surged 15% after reporting record Q4 earnings.
1. Mosaic faced production disruptions due to hurricanes and electrical issues, but these were resolved quickly, causing limited long-term damage to their facilities. 2. The company missed Q3 earnings estimates, but management expects potash prices to rebound and projects stronger sales in Q4. 3. Potential 25% tariffs on Canadian potash pose a significant risk, but I believe Congress will push back due to the importance of potash for American agriculture.
➀ Gaming GPU sales dropped 14.5% in Q3 2024; ➁ Nvidia's market share increased from 88% to 90%; ➂ Concerns over tariffs and economic recession may impact GPU sales.
1. Refiners are highly exposed to the potential 25% tariffs on Canadian oil imports; 2. Weak crack spreads are negatively impacting the sector; 3. Phillips 66's strategic shift to midstream and chemicals has had mixed results; 4. The company maintains strong dividend growth but faces threats to future profitability due to tariffs and energy landscape changes.
➀ China responds to Trump's 10% tariff proposal with a 20% price cut on domestic products; ➁ Beijing's policy may negatively impact chipmakers such as Nvidia and Intel; ➂ Chinese industry associations call for reduced reliance on American chips.
➀ US President-elect Trump threatens to impose 10% to 25% tariffs on certain countries, impacting the laptop supply chain; brands like HP, Dell, and Microsoft have rushed to place additional orders with Taiwanese chip manufacturers like Winbond, Realtek, Unihan, and Molex to increase inventory before Trump's inauguration.
➁ The industry believes that the sudden increase in orders by laptop brands reflects unease about Trump's potential new tariff policies, boosting the operations of Taiwanese IC designers.
➃ Taiwanese IC design companies with dominant positions in laptop key chips are among the first to be asked to increase inventory by international laptop brands, and if the chip supply is insufficient, brands will have to bear the cost increase due to tariffs.
1. The U.S. equity markets logged their second straight weekly gain despite concerns about tariffs and inflation. 2. The President-elect announced plans for tariffs on goods from Mexico, Canada, and China. 3. The Fed's minutes indicated a possibility of pausing rate cuts if inflation remains high.
1. Investors overlook Trump's tariff threats; 2. Fed signals moderate pace in cutting interest rates; 3. No exemption for crude oil imports; 4. U.S. oil producers unlikely to increase production significantly; 5. Bitcoin pulls back, precious metals under pressure.
➀ Trump announced a 10% tariff increase on nearly all Chinese imports as a countermeasure against synthetic opioids 'fentanyl' flowing into the U.S. through Mexico and other countries;
➁ Trump also said he would sign a presidential order to impose a 25% additional tariff on Canadian and Mexican goods on January 20, 2025, and this measure will last until the fentanyl and illegal immigration issues are resolved;
➂ Trump has made illegal immigration a major campaign issue and has explicitly stated that he will use the 'tariff' tool to the fullest to address this issue.
1. The EU has imposed tariffs on China-made electric vehicles as high as 45.3% following an anti-subsidy investigation. 2. The tariffs are aimed at protecting EU automakers from unfair competition due to state subsidies in China. 3. China has responded by filing a WTO lawsuit and retaliating with anti-dumping measures on EU brandy imports.
➀ Chairman Lany of GlobalWafers anticipates an increase in tariffs on chip materials. ➁ To address this, the company is planning to expand its facilities overseas and implement local production. ➂ This strategy is aimed at mitigating the effects of tariff increases and maintaining a stable supply chain.
1. The EU has proposed provisional tariffs on Chinese electric vehicles (EVs), in addition to the existing 10% duty. 2. The tariffs vary, with a 20.8% additional duty for 13 car manufacturers that cooperated with the EU's investigation, and higher rates for specific companies like BYD, Geely, and SAIC. 3. The situation is expected to remain fluid until the EU's investigation concludes in November, with potential strategies for Chinese manufacturers including setting up foreign plants or focusing on exporting hybrids.
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