President Donald Trump’s tariffs have two primary objectives. One is to rebalance the world trade order, which he believes is stacked against the United States due to the ballooning deficits that the U.S. has with its trading partners. The second mission, however, has more far-reaching consequences. That is to shore up the manufacturing prowess of the U.S. Although this is no small feat, Trump’s initiative is finding favor among some big names across industries.
Notable among them are chip manufacturing giant Taiwan Semiconductor (TSM) and pharmaceutical giant Eli Lilly (LLY).
