U.S. President Donald Trump’s tariffs and ongoing legal issues are heightening uncertainties in the market. Recently, Trump announced a 50% tariff on goods imported from the EU, which has sparked widespread discussions.

Moreover, he plans to impose a 25% tariff on iPhones and other smartphones manufactured overseas and sold in the United States to promote domestic production. Financial expert Huan Muhua noted that while all other major U.S. companies experienced gains in May, Apple's stock fell by 5.5%.

NVIDIA led the gains with a 24% increase, followed closely by Tesla at 23%, and Google with at least an 8% rise. In contrast, Apple's stock has declined for three consecutive months, falling below its two-year moving average, and has accumulated over a 17% drop this year.

Huan pointed out that Apple's troubles are not only due to the 25% tariff but also the complex relationship with Trump, which is likely causing Tim Cook considerable stress. How Apple navigates this crisis will directly affect TSMC and its supply chain.