European Semiconductor Stocks Slide After Trump Threatens EU Tariffs -- Market Talk

Dow Jones05-23

1206 GMT - Shares of semiconductor companies in the European Union fall after U.S. President Trump threatened a 50% tariff on the bloc. "Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025," Trump wrote in a post on Truth Social. Shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are down more than 3% in Amsterdam. German chip maker Infineon Technologies is down 3.5%, while STMicroelectronics--which supplies Apple, Samsung Electronics and Tesla--is down 4.7%. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

May 23, 2025 08:07 ET (12:07 GMT)

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