U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Fitch Eyes Japan Budget for Fiscal Discipline 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Gold Prices Rise as Yen Rally Weakens Dollar 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
German Inflation Accelerates to 2.9% in August 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
South Korea GDP Surges on Chip and AI Boom 
Asian Stocks Mixed as Korean Chipmakers Rally 
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Taiwan's Response to U.S. Tariff Threats on Chinese Imports
Taiwan's Economy Minister, Kuo Jyh-huei, announced on Thursday that Taiwan will help companies relocate production from China in response to the looming tariffs promised by incoming U.S. President Donald Trump. The tariffs, which could reach up to 60% on Chinese imports, are expected to have a significant impact on global trade and could slow growth in the world’s second-largest economy.
U.S. Tariffs Pose Major Risks for Taiwan's Companies in China
For over four decades, Taiwanese companies have invested billions in China, benefiting from lower production costs. However, Taiwan's government has been encouraging firms to diversify their investments elsewhere, particularly in light of Beijing’s growing pressure on Taiwan. Kuo stated that the impact of U.S. tariffs on Taiwanese firms operating in China would be "quite large," emphasizing the need for timely assistance to relocate production bases.
Contingency Plans for Taiwan's Semiconductor Industry
Lawmakers raised concerns about the potential loss of subsidies for Taiwan’s semiconductor giant, TSMC, which is investing $65 billion in new factories in Arizona. Kuo confirmed that a contingency plan is in place, with options for supporting more companies in the supply chain to move to the U.S. This aligns with TSMC’s ongoing expansion efforts in the U.S.
Taiwan's GlobalWafers, investing $4 billion in the U.S., expressed confidence that the CHIPS and Science Act would continue under the new U.S. administration, ensuring ongoing support for semiconductor investment.
