Asia chipmakers wobble after Trump’s ‘100% tariffs’ on semiconductors

Asia chipmakers wobble after Trump’s ‘100% tariffs’ on semiconductors

Asia semiconductor-related stocks traded mixed Thursday after U.S. President Donald Trump announced he would impose a 100% tariff on chip imports, with an exemption for companies that are “building in the United States.” Details on how much domestic manufacturing is required to qualify for the exemption remain unclear. Japanese semiconductor manufacturer Tokyo Electron fell over…

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New York Fed President Williams worries war will slow growth, aggravate inflation

New York Fed President Williams worries war will slow growth, aggravate inflation

New York Fed President John Williams expressed concern Thursday about the Iran war’s impact on the economy, saying it already has shown signs of hiking prices and slowing growth. In a speech delivered to bankers in his home district, Williams noted that the conflict has “intensified the uncertainty” around national and local conditions. While he…

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