Donald Trump caused TSMC shares to plummet
Republican presidential candidate Donald Trump said in an interview with Bloomberg Businessweek that Taiwan should pay the United States for its defence. This statement caused a sharp drop in the shares of Taiwanese chipmaker TSMC.
"I know those people very well, I respect them, but they took about 100% of our chip business. I think Taiwan should pay for our defense," Trump said in a June 25 interview that was published on Tuesday.
"You know, we're nothing more than an insurance company. But Taiwan doesn't give us anything."
U.S.-Taiwan relations
The United States is Taiwan's most important international supporter and arms supplier, but it does not have a formal defense agreement, unlike the relationships Washington has with South Korea and Japan. However, the United States is legally obligated to provide Taiwan with the means to defend itself.
The Taiwanese government has emphasized upgrading its defenses, including the development of its own submarines, and has stated many times that the…
Well, I'm curious to see how this whole election thing plays out. Although Trump is a fool and I don't really know what or who would be better ...but one thing is for sure, when Trump was in power the US wasn't at war anywhere.