Duties would raise prices for a range of consumer goods, while scaring off further Taiwanese investments in the U.S., experts warn.

The tariffs would ensnare cutting-edge smartphone and PC-related chips for Apple, AMD and Nvidia if enacted. But Trump is betting his plan will bring more chip production to the US.

Semiconductor business between Taiwan and the United States is a "win-win" model for both sides given the high level of complementarity, the island's economy ministry said on Tuesday responding to tariff threats from U.

Mercedes-Benz has joined its Chinese joint venture partner Geely's legal challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles, a company spokesperson said on Tuesday.

Tesla is taking the EU to court over tariffs it imposed on imports of electric vehicles from China. The European Court of Justice published the case on its website on Monday morning. The US company follows BMW of Germany and several Chinese carmakers in filing claims.

Mercedes-Benz Group AG is joining a Geely lawsuit against European Union tariffs on electric cars imported from China, adding to a flurry of legal cases targeting the duties.