Trump Says, 'Taiwan Should Pay Us For Defense' — Ex-President's Remark Triggers Fall In TSMC Shares
Portfolio Pulse from Benzinga Neuro
Donald Trump's remarks suggesting that Taiwan should pay the U.S. for its defense led to a drop in Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) shares by over 2%. The comments were made during a Bloomberg Businessweek interview and have raised concerns about potential economic disruptions due to discord over Taiwan.
July 17, 2024 | 3:02 am
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NEGATIVE IMPACT
TSMC shares fell over 2% following Donald Trump's comments that Taiwan should pay the U.S. for its defense. The remarks have raised concerns about potential economic disruptions due to discord over Taiwan.
Trump's comments directly impact TSMC as they raise concerns about geopolitical stability and potential economic disruptions. Investors reacted negatively, causing a drop in TSMC's share price.
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IMPORTANCE 80
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