U.S. Trade Representative Jamieson Greer, a top trade adviser to President Donald Trump, toured Texas Instruments' new $11 billion semiconductor plant in Lehi and defended the administration's tariffs. He argued that tariffs protect U.S. manufacturing from unfair foreign subsidies and dumping, and aim to create better-paying jobs. Greer rejected the idea that tariffs drove recent inflation, noting consumer prices rose 3.7% annually last month and that beef, oranges and bananas are not tariffed. However, a New York Federal Reserve study found prices of 67 tariffed goods rose 2.9% as of February, while they would have fallen nearly 1% without tariffs. The plant is expected to create 800 high-paying jobs and strengthen the domestic supply chain for critical components.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on ksl.com ↗
Keywords
tariffssemiconductorsemploymentTexas Instruments
Open a keyword to see other news on the same topic.
Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/19/2026 | 766.48 |
| Change that session | +0.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- VANCE TOWN HALL : Families , Farmers , and Small Businesses Are Shouldering The Cost Of Trump And Vance Reckless Tariffs
According to a DNC statement, tariffs from Donald Trump and JD Vance have raised costs for families, farmers and small businesses, with consumers and businesses having absorbed 96% of the costs of the initial tariffs and Americans paying an additional $4,700 since the two took office. The smallest U.S. businesses have lost jobs for five straight months and are down more than 70,000 jobs so far this year. The September jobs report showed just 29,000 jobs added, July and August employment revised down by 60,000, and unemployment rising to 4.2%, while wage growth hit a five-year low. U.S. job openings also fell by 256,000 in August, with big drops in construction and manufacturing.
- Inside Donald Trump high - stakes Dalton rally with Collins , Jackson
President Donald Trump headlined a rally in Dalton, Georgia, on Friday alongside Rep. Mike Collins, who is challenging Sen. Jon Ossoff for a U.S. Senate seat, and businessman Rick Jackson, who faces Keisha Lance Bottoms in the governor's race, marking the first time Collins and Jackson shared a stage this fall. Trump attacked Ossoff on border security, criminal justice and spending, and said every adult American would receive a $5,000 check if Republicans control both congressional chambers, funded by tariff revenue and spent within the country. He gave no details on the legislative mechanism or timeline, and officials have not confirmed how the spending requirement would be enforced. Trump also cited Georgia manufacturing commitments, including a $2 billion UCB pharmaceutical factory, a $1.2 billion Pirelli expansion and a $560 million Hyundai investment, and claimed 70,000 manufacturing jobs were added over the past year. Collins urged early voters to back his Senate bid before Nov. 3 and personally criticized Ossoff.
- Inside Donald Trump high - stakes Dalton rally with Collins , Jackson
President Donald Trump rallied Republican voters in Dalton, Georgia, backing Rep. Mike Collins in his Senate challenge to Sen. Jon Ossoff and businessman Rick Jackson in the governor's race against Keisha Lance Bottoms, as early voting is underway. Trump said every adult American would receive a $5,000 check if Republicans control both congressional chambers, funded by tariff revenue, though he did not detail how it would work. He also cited manufacturing investments in Georgia, including a $2 billion UCB pharmaceutical factory and a $560 million Hyundai investment, and attacked Ossoff's record. Collins called Ossoff a 'trust fund kid' who had never had a real job and accused him of backing progressive policies.
- CNBC Daily Open: Tech rebounds in the U.S., but Asia isn’t buying it yet
U.S. tech stocks rebounded as the Nasdaq Composite rose more than 1% on Monday, with Nvidia up 1.4% and Tesla up 3.8%. In Asia, however, tech shares fell on Tuesday, with South Korea's Kospi down over 4% and Japan's Nikkei 225 down 1.6%. Nvidia also unveiled plans to back four German AI startups as part of its nearly $10 billion European investment commitment. Jenny Lee of Granite Asia said Asian companies are reaching IPOs much sooner, often at four to five years old, while Jio Platforms' Indian IPO saw its anchor investor quota oversubscribed more than 30 times, aiming to raise up to 302 billion rupees ($3.2 billion). In Singapore, several agricultural stocks fell after Senior Minister K Shanmugam warned that companies would not escape responsibility for possible roles in the haze, noting seven firms had been questioned by the Singapore Exchange.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices stayed high. Japan's Nikkei 225 slipped 0.6% to 64,512.35 in early trading, South Korea's Kospi dropped 2.8%, and Australia's S&P/ASX 200 lost 0.8%. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq gained 1.1%, helped by Nvidia's 1.4% gain, while most stocks outside AI and tech fell and the Dow slipped 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose to $103.50 a barrel and Brent to $109.47, as uncertainty about when the energy industry will return to normal after the war with Iran means oil is unlikely to ease soon.
Related markets
Latest news
- Meta Earnings: What To Look For From META
Meta Platforms (NASDAQ:META) will report earnings this Wednesday after the market closes. Last quarter, revenue reached $60.8 billion, up 28% year on year and above analysts' expectations, though revenue guidance for next quarter slightly missed forecasts; daily active users hit 3.6 billion, up 3.4%. The market expects revenue growth of 23.6% this quarter, slowing from 26.2% a year earlier, and analysts have generally reconfirmed their estimates over the past 30 days. Over the last month, consumer internet stocks have gained 1.3% on average, while Meta is down 4.8%.
- An AI bust could come from places investors arent watching , an economist says
Concerns about an AI bubble are growing, and TS Lombard's Dario Perkins warns that investors may be overlooking other risks. Debt among smaller cloud providers, model developers and suppliers could reach $2 trillion by the end of 2027. Perkins does not see this as a systemic risk, but warns that earnings disappointments and canceled orders could ripple through the ecosystem, and that a chip glut could follow over-ordering. Much of the industry's revenue growth still comes from spending within the AI ecosystem rather than from businesses and consumers outside it. He also flags political backlash, noting that ordinary people dislike AI and nearby datacenters, and warns that one high-profile accident could turn AI toxic.
- Yen jumps after JGB auction draws big demand , euro finds relief
The yen rose 0.2% to 158.15 per dollar in Asian trading after a 20-year Japanese government bond auction drew bids of 5.84 times the amount sold, well above the 4.01 times at the previous auction, and the yield fell 6 basis points to 3.71%. A State Street strategist said the record demand suggests sidelined cash is returning and that JGBs are becoming a relative haven from political and fiscal volatility in Europe, particularly France. Anti-government protests in France prompted curfews in several cities, while Italy said it would send 500 troops after two days of unrest, and the euro rallied 0.2% to $1.1234. Elsewhere, bitcoin slipped 0.3% to $81,674.25 and ether edged down 0.2% to $2,393.21.
- Unemployment rate dips to 4 . 7 % - but vacancies hit five - year low
Vacancies fell by 21,000 to 691,000 in the three months to September, the biggest drop since the three months to March and the lowest since July to September 2014 outside the pandemic, while unemployment dipped in the three months to August. Payroll numbers were down 66,000 over the year to September. The ONS said the fall was mainly among smaller firms struggling with higher labour costs, following rises in employer national insurance, the minimum wage and workers' rights. A CBI survey found labour costs and regulations were making it harder to create jobs, and firms urged the Chancellor not to add to their burden in the October 28 Budget. ICAEW's Suren Thiru said the labour market is 'running on idle' and unemployment could climb above 5 per cent, while Shadow Chancellor Andrew Griffith blamed Labour's 'Jobs Tax' and red tape.
- NiSource (NI) Stock Looks Overvalued Against Its Dividend Outlook
NiSource has nearly doubled shareholders' money over the past five years, delivering a 97.6% total return, which raises the question of whether dividends can justify the current share price. The article highlights a new 20-year energy agreement with Microsoft, including customer-funded grid upgrades and long-term electric service for data centers, which may affect future capital needs and cash-flow visibility. Using a Dividend Discount Model with inputs of about $1.35 dividend per share, roughly 9.07% return on equity, a payout ratio slightly above 61%, and implied dividend growth of about 3.5%, the estimated intrinsic value sits meaningfully below the current share price of $41.95. The model still does not bridge that gap, suggesting income investors are paying a premium for a relatively steady payout with modest assumed growth.
- Frank Elderson: Interview with Die Presse
In an interview with Die Presse, ECB Executive Board member and Supervisory Board Vice-Chair Frank Elderson argues that the 2008 financial crisis cost far more than bank regulation, and that post-crisis reforms made European banks better capitalised, more liquid and more profitable on average. He says simplification is not deregulation and notes the ECB has already cut reporting obligations and sped up processes. He identifies fragmentation as Europe's biggest competitiveness obstacle, since cross-border banking remains limited, and calls for completing the Single Market, the savings and investments union and the banking union, including a European deposit insurance scheme. He argues simplification and integration must advance together in the European Commission's banking reform package, and that Basel standards keep competition based on efficiency rather than the weakest rules.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.