Trump relies on tariff exemptions This week's Capitol Gains podcast is all about "exception season" for tariffs. President Trump suspended tariffs on auto imports for a month on Wednesday to give the big three automakers a reprieve. Shortly after the 25% tariffs on imports from Mexico and Canada went into effect, a one-month pause was announced for goods that meet the United States-Mexico-Canada Agreement (USMCA). According to Yahoo Finance correspondent Ben Werschkul, it is becoming clear that the economic costs of these tariffs are quickly becoming apparent. Business leaders are trying to make their concerns heard in the White House, and it appears Trump's tariff policies have already taken a step backwards. In his first six weeks in office, Trump has imposed more tariffs than in 2018 and 2019 combined, showing that the challenges facing the economy are increasing.
Tesla is developing internationally Tesla $TSLA (+10.24%) is a company that specializes in the development, manufacture and sale of electric vehicles and energy storage solutions. Based in Austin, Texas, Tesla operates both in the USA and internationally, including in China. The company has two main segments: Automotive and Power Generation. In the automotive segment, Tesla not only sells electric vehicles, but also offers services such as vehicle financing, leasing and insurance. The power generation and storage segment deals with solar energy products and offers various financing options for private customers. Since its foundation in 2003, Tesla has developed into an important player in the field of electromobility, revolutionizing the world of mobility not only with innovative products but also with sustainable solutions.
TSMC invests heavily in US manufacturing President Donald Trump has confirmed that Taiwan Semiconductor Manufacturing Company will invest $2330 will invest 100 billion dollars in manufacturing in the US to build advanced chip production facilities over the next four years. According to Bernstein analyst Stacy Rasgon, there are few options for manufacturing "leading edge" chips, with TSMC, Intel and Samsung being the main players. Despite the significant investment and the US government's efforts to boost domestic semiconductor production, Rasgon expresses concern that it will be difficult for the US to become fully self-sufficient in chip production. He describes complete self-sufficiency as "utopia", highlighting the challenges facing the US technology industry.
Sources:
https://finance.yahoo.com/quote/TSLA/
https://finance.yahoo.com/quote/TSM/