White House has announced that U.S. President Donald Trump will make an “investment announcement” at 1:30 p.m. (1830 GMT) on Monday. However, no further details have been provided about the nature of the announcement. White House representatives were unavailable for immediate comment on the matter, which was noted on the president’s daily schedule.
White House Advisor Navarro said he doesn’t think Trump will change his stance on tariffs. He also mentioned that any inflation caused by tariffs would be a small, secondary effect.
Trump announced that reciprocal tariffs will begin on April 2. Tariffs on Canada and Mexico will start on Tuesday, 4th March 2025. The US dollar has increased against the Canadian dollar, rising 0.15% to 1.4483, and also went up 0.73% against the Mexican peso, reaching 20.676 pesos, after Trump’s tariff announcement.
Trump stated that he doesn’t believe China will retaliate strongly. He also mentioned that he might consider a free trade agreement with Argentina. Meanwhile, Canada’s Foreign Minister warned that if Trump imposes tariffs, they are prepared to respond.
Trump Announces TSMC’s $100 Billion Investment in the U.S.
Trump announced that the Taiwanese semiconductor company TSMC plans to invest $100 billion in the United States. Most of this investment will be in Arizona. TSMC will build five more chip factories in the U.S.
Trump also stated that TSMC’s total investment in the U.S. will be at least $165 billion, and the investment will create 20,000 to 25,000 jobs.
Developing story, stay tuned for the updates.
Stay informed with our financial updates, stocks, bonds, commodities. Get global & political insights. Follow us & enable notifications for the latest updates.
Be First to Comment