Trump admin nears deal with Taiwan; trade deal would cut tariffs and include a commitment from TSMC (TSM), to build more manufacturing plants in the US

• TSMC to build at least five more Arizona Semiconductor facilities under new US deal.
• US-Taiwan trade deal to reduce tariffs on the island's exports to 15%

The nearing trade deal between the Trump administration and Taiwan signifies a potential shift in U.S.-Taiwan relations, emphasizing cooperation in the semiconductor industry with TSMC's commitment to expand manufacturing in Arizona. This deal could bolster U.S. supply chain security while reducing tariffs, which may impact the competitiveness of affected sectors and currencies, particularly the USD and TSMC's stock. Investors should monitor how these developments could influence market sentiment and reactions in tech equities and commodities tied to semiconductor production.