Major global companies are hitting the brakes on US investments amid escalating trade tensions. Taiwan Semiconductor Manufacturing Company (TSMC) – the world’s chipmaking powerhouse – has warned that Trump-era tariffs could derail its $165 billion mega-project in Arizona. The plan? Six factories, R&D hubs, and thousands of jobs. But with tariffs biting, TSMC says it might cancel the entire deal – a potential $200 billion blow to the US economy. 💥
Auto Industry in Reverse Gear 🚗⬅️
Trump’s 25% global auto tariffs, meant to boost US manufacturing, are backfiring spectacularly. European automaker Stellantis just laid off 900 workers and paused North American operations. Auto sector jobs have already shrunk 20% this year. Analysts call it a “lose-lose scenario” – foreign companies aren’t setting up shop, while existing players cut costs.
Domino Effect Alert 🎲
TSMC’s Arizona project isn’t alone. A $1.9 trillion investment coalition including SoftBank and Apple now faces uncertainty. Experts warn: “This isn’t just about chips or cars – it’s about America’s credibility as a stable place to invest.” With election rhetoric heating up, businesses are playing a high-stakes game of Monopoly… and the “Go to Jail” card keeps getting drawn. 😬
