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.
US January PCE and Personal income report rescheduled for March 13th; February PCE and Personal income report rescheduled for April 9th
Fed's Schmid (2028 voter) says full employment likely between 3.5-4.5%
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
Fed's Paulson (2026 voter) is comfortable holding rates steady at next Fed meeting; labour market risks a little bit higher than risks of sticky inflation
Wells Fargo (WFC) launches an USD 8bln four-part debt offering
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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.
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