Taiwan Stocks Tumble After Trump Threatens Higher Tariffs on Chip Imports

TaiwanPlus News

On the first day of trading after the Lunar New Year holiday, Taiwan's Taiex tumbled over 3% on U.S. President Donald Trump's threat to impose tariffs on chip imports. Semiconductor manufacturer TSMC saw its share prices fall over 5%.

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00:00Stock markets across Asia, the first open since Trump's announcements over the weekend,

00:04opened sharply down on Monday morning as investors responded to the tariffs.

00:09And investors here in Taiwan are among those feeling the pain as local stocks tumbled.

00:13The first day of trading after the Lunar New Year holiday, the main index dipped about

00:173.5 percent.

00:19Shares in chipmaking giant TSMC fell even further by about 5.7 percent.

00:23That's after U.S. President Donald Trump threatened to slap higher tariffs on Taiwan-made chips

00:27anywhere from 25 to 100 percent.

00:30But analysts say the tariffs would likely backfire or could trigger a global tariff

00:35war.

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