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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., which is as much a strategic move as a commercial one. The agreement will see the U.S. lower tariffs on Taiwanese imports to 15% from 20% and remove them altogether on other products, such as generic pharmaceuticals and aircraft components.
Taiwan Semiconductor Manufacturing Co.
