Taiwan chip maker Vanguard says Trump’s threatened tariffs could fuel inflation

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Taiwanese chip maker Vanguard International Semiconductor warned on Tuesday that US tariffs on imported chips could spur inflation and impact global economic growth, but said it expects the direct impact on the company would be small. US President Donald Trump said last week that he intends to impose auto tariffs in the neighbourhood of 25% and similar duties on semiconductors and pharmaceutical imports, the latest in a series of threats that could upend international trade.

Vanguard Chairman Leuh Fang told analysts on a post-earnings call that the…



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Taiwan chip maker Vanguard says Trump’s threatened tariffs could fuel inflation


Taiwanese chip maker Vanguard International Semiconductor warned on Tuesday that US tariffs on imported chips could spur inflation and impact global economic growth, but said it expects the direct impact on the company would be small. US President Donald Trump said last week that he intends to impose auto tariffs in the neighbourhood of 25% and similar duties on semiconductors and pharmaceutical imports, the latest in a series of threats that could upend international trade.

Vanguard Chairman Leuh Fang told analysts on a post-earnings call that the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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