How big a financial hit would Apple and its Taiwanese chip making partner TSMC take if and when U.S. President Donald Trump's proposed tariffs take effect?

Today, most of the world's semiconductor manufacturing comes from TSMC, which has spent years expanding its operations in Taiwan as a hedge against Chinese aggression. The world needs TSMC, which helps to keep the CCP's "one China" rhetoric just that—rhetoric.

Although Trump’s tariff plans have targeted several industries, his focus on semiconductors is particularly concerning for Apple. Trump has long pushed for reshoring manufacturing to the US, and his l