Why Taiwan Semiconductor Manufacturing Stock Is Sinking Today
Taiwan Semiconductor Manufacturing (NYSE: TSM) stock is sinking rapidly Thursday. The company's share price was down 4.3% as of 2:45 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was down 2.8%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was down 3.8%.TSMC and other semiconductor stocks roared higher yesterday after President Trump announced a 90-day suspension on "reciprocal tariffs" for all countries except China, but those gains are being eroded in Thursday's trading. As of this writing, the chip fabrication leader is now down 23% across 2025's trading. Investors got some welcome news with President Trump's announcement of a pause on reciprocal tariffs yesterday, but there was a significant catch. While all other countries will see import taxes at a rate of 10% over the next three months, Trump announced that tariffs on products imported from China would be raised from 104% to 125%. The Trump administration then clarified today that it was actually implementing on additional 125% tariff on top of an existing tariff of 20% -- bringing the total import tax on Chinese goods to 145%. Continue reading
Taiwan Semiconductor Manufacturing (NYSE: TSM) stock is sinking rapidly Thursday. The company's share price was down 4.3% as of 2:45 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was down 2.8%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was down 3.8%.
TSMC and other semiconductor stocks roared higher yesterday after President Trump announced a 90-day suspension on "reciprocal tariffs" for all countries except China, but those gains are being eroded in Thursday's trading. As of this writing, the chip fabrication leader is now down 23% across 2025's trading.
Investors got some welcome news with President Trump's announcement of a pause on reciprocal tariffs yesterday, but there was a significant catch. While all other countries will see import taxes at a rate of 10% over the next three months, Trump announced that tariffs on products imported from China would be raised from 104% to 125%. The Trump administration then clarified today that it was actually implementing on additional 125% tariff on top of an existing tariff of 20% -- bringing the total import tax on Chinese goods to 145%.
