Tariffs

TSMC quarterly profit seen hitting record but Trump tariffs, forex a concern

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Analysts expect a 52% surge in second-quarter profit TSMC benefiting from surge towards AI Earnings call at 0600 GMT TAIPEI, – TSMC, the world’s main producer of advanced AI chips, is expected to post a 52% jump in second-quarter profit to record levels on Thursday, though U.S. tariffs and a strong Taiwan dollar could weigh … Read more

Even 190% Tariffs Can’t Shake US Shoemaker’s Reliance on China

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When an $80,000 tariff bill landed on her desk in May, Haley Pavone did what many small business owners might do: she froze hiring and added an online checkout fee to help cover the cost. Pavone, founder of California-based Pashion Footwear, which imports shoes from China, hasn’t moved production out of the country. Not because … Read more