Trump tariffs on chips and drugs would hit U.S. allies in Asia
Posted: Jan 28, 2025
- Trump plans to impose tariffs on imported computer chips and pharmaceuticals to push for more manufacturing in the U.S.
- This could impact U.S. allies in Asia like Taiwan, South Korea, and Japan.
- Chip companies affected include Taiwan Semiconductor Manufacturing Co. ($TSM), Samsung Electronics, SK Hynix, and Kioxia.
- South Korea and Taiwan rely heavily on chip exports, posing an economic hit.
- Japan, a major chipmaking equipment supplier, could also be impacted.
- Major Japanese pharma companies like Takeda and Astellas may face challenges with tariffs.
- Astellas has invested in U.S. manufacturing sites to prepare for geopolitical risks.
- U.S. President Donald Trump plans to impose tariffs on imported computer chips, pharmaceuticals, and steel to push for more manufacturing in the U.S.
- The focus on chips and pharmaceuticals could impact U.S. allies in Asia, including Taiwan, South Korea, and Japan.
- Companies like Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics could be affected by the tariffs on chips.
- Japanese drugmakers such as Takeda, Astellas, Daiichi Sankyo, and Eisai could be impacted by tariffs on pharmaceuticals.
- South Korea and Taiwan heavily rely on chip exports for revenue, with the potential for significant economic repercussions.
- Major chip supply chain companies like Tokyo Electron and Advantest may be indirectly affected by the tariffs.
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