The stock market saw a brief correction last week due to fears surrounding President Trump's impending tariffs on trading partners. Starting April 2, these tariffs, intended to create a level playing field, may spark economic repercussions, including potential retaliatory actions from other countries. While many companies are likely to suffer, some stocks may thrive despite the looming trade barriers. Taiwan Semiconductor Manufacturing has emerged as a prime example of a stock to invest in before tariffs take effect, alongside a narrative of other potential ‘next Nvidia’ stocks to watch.
Stocks and the stock market have entered correction territory on concerns the tariffs could invite a recession due to the broad-based impact they will have.
Taiwan Semiconductor Manufacturing (NYSE:TSM) is the first stock to buy ahead of Trump's broader tariffs kicking in.
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