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Stock impact report

Markets Rise As Trump Chip Exemptions Boost Tech Giants [Barron's]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Barrons
The advances built on a strong lead from Wall Street and extended the previous day's rally fuelled by hopes the Federal Reserve will cut interest rates next month. Advertisement - Scroll to Continue A day before sweeping tariffs were due to come into effect on dozens of countries, the president said: "we're going to be putting a very large tariff on chips and semiconductors". He added that the level would be "100 percent" but did not offer a timetable. However, he said "the good news for companies like Apple is, if you're building in the United States, or have committed to build... in the United States, there will be no charge". Stock gains were led by Taiwan's giant TSMC, which surged almost five percent in early trade, with the island's National Development Council chief Liu Chin-ching saying the firm was in the clear. Advertisement - Scroll to Continue "Because Taiwan's main exporter is TSMC, which has factories in the United States, TSMC is exempt," he told a briefi Show less Read more
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