In this article
Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today
Thursday offered markets a rare respite from nonstop geopolitical upheaval. Yet the week’s headlines still reflected larger global dynamics.
Case in point: Taiwan’s $250 billion investment in chip production in the U.S. is not just a commercial move for the participating companies, but also part of a sweeping trade deal with Washington. It’ll see the U.S. lowering tariffs on Taiwanese imports to 15% from 20%, and removing them altogether on other products, such as generic pharmaceuticals and aircraft components.
Taiwan Semiconductor Manufacturing Co.
