{"id":51611,"date":"2025-08-07T00:08:38","date_gmt":"2025-08-07T04:08:38","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-markets-brace-for-new-tariffs-as-tech-giants-navigate-trade-headwinds\/51611\/"},"modified":"2025-08-07T00:08:38","modified_gmt":"2025-08-07T04:08:38","slug":"global-markets-brace-for-new-tariffs-as-tech-giants-navigate-trade-headwinds","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-brace-for-new-tariffs-as-tech-giants-navigate-trade-headwinds\/51611\/","title":{"rendered":"Global Markets Brace for New Tariffs as Tech Giants Navigate Trade Headwinds"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li>Former U.S. President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> announced that <strong>reciprocal tariffs<\/strong> have taken effect at midnight, with billions of dollars expected to flow into the United States from countries previously deemed to have taken advantage of American trade policies.<\/li>\n<li>Taiwan Semiconductor Manufacturing Company (<a href=\"\/stock\/TSM\">TSM<\/a>) shares surged to a <strong>record high<\/strong> after Taiwan confirmed the chipmaker would be <strong>exempt from a 100% U.S. tariff<\/strong> on semiconductor imports, largely due to its U.S. manufacturing commitments.<\/li>\n<li>Sony (<a href=\"\/stock\/SONY\">SONY<\/a>) rallied <strong>6.0%<\/strong> in market trading, raising its earnings forecast despite anticipating a <strong>\u00a5100 billion ($700 million) hit<\/strong> from new U.S. tariffs on chips, buoyed by a strong performance from its entertainment divisions.<\/li>\n<li>Piper Sandler has increased its target price for AppLovin (<a href=\"\/stock\/APP\">APP<\/a>) to <strong>$500<\/strong>, up from its previous target of <strong>$470<\/strong>.<\/li>\n<li>Asian markets presented a mixed picture, with Japan&#39;s 30-Year JGB yield steadying at <strong>3.07%<\/strong> following an auction, while Philippine stocks declined by up to <strong>0.94%<\/strong> to <strong>6,310.97 points<\/strong>.<\/li>\n<\/ul>\n<p>President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#39;s &quot;reciprocal tariffs&quot; officially commenced at midnight, with the former president asserting that this move would bring &quot;billions of dollars&quot; into the U.S. from nations that have historically benefited from imbalanced trade relations. This broad imposition of duties, ranging from <strong>10% to 50%<\/strong> or higher for some countries like India and Brazil, marks a significant shift in global trade dynamics.<\/p>\n<p>In a notable development for the technology sector, Taiwan confirmed that its leading chip manufacturer, Taiwan Semiconductor Manufacturing Company (<a href=\"\/stock\/TSM\">TSM<\/a>), will be exempt from the new <strong>100% U.S. tariff<\/strong> on semiconductor imports. This exemption, attributed to TSMC&#39;s substantial investments in U.S. production facilities, propelled the company&#39;s shares to a <strong>record high<\/strong>. The tariff policy appears designed to incentivize domestic chip manufacturing.<\/p>\n<p>Japanese conglomerate Sony (<a href=\"\/stock\/SONY\">SONY<\/a>) saw its shares rally <strong>6.0%<\/strong> in market trading following its decision to raise its earnings forecast. The company&#39;s strong performance in its entertainment divisions helped offset an anticipated <strong>\u00a5100 billion ($700 million)<\/strong> impact from the new U.S. tariffs on chips. This resilience highlights the diversified nature of Sony&#39;s business, which has evolved from electronics to a dominant force in gaming, movies, and music.<\/p>\n<p>In the financial services sector, Piper Sandler has shown increased confidence in AppLovin (<a href=\"\/stock\/APP\">APP<\/a>), raising its target price for the mobile technology company to <strong>$500<\/strong> from a previous <strong>$470<\/strong>. This analyst upgrade signals a positive outlook for AppLovin&#39;s future performance.<\/p>\n<p>Across Asian markets, Japan&#39;s 30-Year JGB yield remained steady at <strong>3.07%<\/strong> after a recent auction, indicating stability in the long-term bond market. Meanwhile, the Central Bank of the Philippines reported that its gross reserves stood at <strong>$105.7 billion<\/strong> at the end of July. Despite this robust reserve level, Philippine stocks experienced a decline of up to <strong>0.94%<\/strong>, closing at <strong>6,310.97 points<\/strong>. India&#39;s financial markets showed stability, with the 10-year benchmark government bond yield holding at <strong>6.41%<\/strong>, matching its previous close, and the Indian Rupee opening at <strong>87.68<\/strong> against the dollar, slightly stronger than its <strong>87.73<\/strong> previous close.<\/p>\n<p>In other regional news, Vietnamese budget carrier VietJet plans to hire over <strong>5,000 new staff<\/strong> in Thailand as it accelerates its flight and route expansion strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Former U.S. President Donald Trump announced that reciprocal tariffs have taken effect at midnight, with billions of dollars 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