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Why major chip stocks are in the green, despite Trump's 100% tariff threat
President Donald Trump stunned markets Wednesday by announcing 100% tariffs on imported semiconductor chips — but major chip stocks rallied. Taiwanese chip giant TSMC's stock closed 4.9% higher. In South Korea, Samsung Electronics ended 2.5% higher while SK Hynix reversed losses of over 3% in early trade to close 1.4% up.
15hon MSN
President Donald Trump on Friday warned U.S. courts against blocking his tariff policy, citing its "positive impact" on the stock market and saying such a move could cause a severe economic downturn.
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