US Commerce Secretary Lutnick says TSMC (TSM) can bring in more semiconductors and wafers while building US capacity; if companies don't build in US, tariff likely to be 100%; Trump visit to China in April still on

US Commerce Secretary Lutnick says TSMC (TSM) can bring in more semiconductors and wafers while building US capacity; if companies don't build in US, tariff likely to be 100%; Trump visit to China in April still on.

The comments from US Commerce Secretary Lutnick suggest a strong push for domestic semiconductor manufacturing, which could influence supply chains significantly. The mention of a potential 100% tariff if companies fail to build in the US indicates a serious escalation in trade pressures that could impact tech sector equities and related forex markets. This also frames the upcoming Trump visit to China as particularly contentious, likely weighing on risk sentiment towards both countries' currencies.