TSMC Hits $1T as China Holds Rates Ahead of Tariff Deadline: Economic developments are taking center stage
globally amid key monetary and trade decisions.
The People’s Bank of China has kept interest rates unchanged despite signs of economic slowdown.
Negotiations between Washington and Brussels continue under pressure due to the tariff deadline.
Meanwhile, TSMC has achieved a historic milestone by surpassing a $1 trillion market valuation.
Driven by accelerating demand for artificial intelligence technologies and optimistic growth forecasts.
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People’s Bank of China
U.S. Secretary of Commerce
TSMC surpasses $1 trillion
People’s Bank of China Keeps Interest Rates Unchanged Despite Weak Sentiment
The People’s Bank of China maintained its key lending rates unchanged today,
amid persistent consumer and economic slowdown, although growth still exceeds government targets.
The one-year loan prime rate—used for corporate and most personal loans—was kept at 3%,
while the five-year loan prime rate—used as a mortgage reference—remained at 3.5%.
This decision follows China’s Q2 2025 GDP growth of 5.2% year-on-year,
slightly lower than Q1’s 5.4%, but still above the annual target.
U.S. Commerce Secretary: Confident in EU Deal Despite August Tariff Deadline
U.S. Commerce Secretary Howard Lutnick expressed confidence on Sunday in reaching a trade deal with the EU.
He admitted that August 1 is a “difficult deadline” for implementing new tariffs.
In an interview with CBS, Lutnick said he had just spoken with European negotiators and noted “broad space” for understanding. “
These are the world’s largest trading partners, in active dialogue. I’m confident we’ll reach a deal,” he added.
President Donald Trump had previously announced plans to impose a 30% tariff
on imports from Mexico and the EU starting August 1, following failed talks.
Lutnick clarified that August 1 is not the end of negotiations, but the effective implementation date.
“Nothing prevents negotiations after that date—but without a deal, tariffs begin then.”
TSMC Surpasses $1 Trillion Amid AI Boom and Upbeat Forecasts
Taiwan Semiconductor Manufacturing Co. (TSMC) has exceeded $1 trillion in market value for the first time.
Driven by strong growth forecasts and AI-driven optimism, positioning it among the world’s top corporations.
TSMC stock reached a new record high on Friday—up nearly 50% from April lows
on strong investor demand following its upgraded revenue guidance.
Its valuation now rivals Berkshire Hathaway, possibly paving the way for entry
into the global top 10 by market cap if momentum continues.
This strong performance reflects growing investor confidence in TSMC’s leadership in chip manufacturing.
Particularly as AI demand accelerates.
TSMC supplies chips to Apple and NVIDIA, giving it a significant strategic advantage.
The company recently raised its expected annual revenue growth to 30%,
signaling strong demand for advanced manufacturing tied to AI applications.
TSMC Hits $1T as China Holds Rates Ahead of Tariff Deadline