On May 5, the Dow Jones Industrial Average dropped by 98.60 points, and TSMC's ADR fell by 1.61%. Investors are concerned about the potential impact of the trade war on the economy and corporate profits. Despite President Trump's claims of potentially reaching partial trade agreements with several countries this week, market anxiety remains unresolved. The S&P 500 index fell by 0.64% that day, ending its nine-day streak of gains, the longest since December 2023.

Trump stated in a press conference on May 4, "We are negotiating with many countries, but ultimately I will draft the agreement, not them." He also remarked that he has no plans to meet with Chinese President Xi Jinping, which shatters hopes for de-escalation of US-China trade tensions. All major US stock indices declined, with tech giants also experiencing losses: Apple dropped by 3.1%, Amazon fell by 1.9%, and Tesla was down 2.4%.

Additionally, Trump authorized relevant government agencies to impose tariffs of up to 100% on foreign-made films, claiming that other countries' efforts to attract film production pose a "national security threat." Netflix fell by 1.94% and Paramount was down 1.57%. Furthermore, 94-year-old Warren Buffett announced at Berkshire Hathaway's annual shareholders' meeting that he plans to retire by the end of the year, stating unequivocally that "trade is an act that can lead to war." Berkshire Hathaway's shares dropped 5.12% on May 5, closing at $512.15.

At the end of the day, the Dow Jones Industrial Average closed at 41218.83 points, down 0.24%; the S&P 500 closed at 5650.38 points, down 0.64%; and the tech-heavy Nasdaq index declined by 0.74%, closing at 17844.24 points. The Philadelphia Semiconductor Index fell by 0.93%, closing at 4356.18 points.