US, Taiwan Clinch Deal to Cut Tariffs | Bloomberg Businessweek Daily 1/15/2026

Watch on YouTube ↗  |  January 15, 2026 at 21:41  |  42:31  |  Bloomberg Markets
Speakers
James Attwood — Bloomberg News Senior Commodities Reporter
Cathy Seifert — Senior VP & Equity Analyst, CFRA Research
Michael Shepherd — Tech/Defense Reporter
Sridhar Natarajan — Bloomberg Chief Wall Street Correspondent
Carol Massar — Anchor, Bloomberg

Summary

Bloomberg Businessweek Daily covers Amazon's first copper purchase from Rio Tinto's Nuton project, a US-Taiwan trade deal cutting tariffs and expanding TSMC's US footprint, White House political tensions, Goldman Sachs earnings and prediction markets, and BlackRock's strong quarterly results. Key market implications include a structural bull case for copper, a buy rating on BlackRock, and a watch on TSMC's US expansion.

  • Amazon agrees to buy Arizona copper from Rio Tinto's Nuton for US data centers.
  • S&P Global sees AI data centers and defense demand tripling copper demand by 2040.
  • US-Taiwan trade deal cuts tariffs to 15% and includes TSMC US fab expansions.
  • Washington convenes allies to reduce reliance on Chinese critical minerals.
  • Trump threatens insurrection act in Minnesota amid ICE protests.
  • Goldman Sachs and Morgan Stanley post strong earnings; prediction markets gain Wall Street attention.
  • BlackRock reports $342B inflows and $14T assets; CFRA has a buy rating.
Ideas
James Attwood Bloomberg News Senior Commodities Reporter 6:32
Copper supply gap to lift prices.
James Attwood explains that copper demand is being driven by AI data centers, electricity grids, renewable energy, EVs, and defense spending. S&P Global forecasts data center capacity to nearly quadruple in coming decades, with AI and defense demand roughly tripling copper demand by 2040 and adding 4 million tons of new consumption. Supply is projected to peak in 2030 unless new technologies like Rio Tinto's Nuton leaching or recycling scale and billions are invested in new projects, creating a structural supply gap and upward pressure on prices.
COPPER HIGH
Michael Shepherd Tech/Defense Reporter 13:18
US-Taiwan deal supports TSMC supply chain.
Michael Shepard says the US-Taiwan trade deal lowers tariffs on Taiwanese goods to 15% and includes Taiwan pledging $250 billion in chip investment and credit guarantees. The deal includes TSMC agreeing to build four additional US plants beyond the six already promised, plus two packaging facilities. Taiwan is a crucial source of AI chips, and the deal secures supply lines and puts Taiwan on par with Japan and South Korea, reducing trade risk and supporting TSMC's US expansion.
TSM MED
Cathy Seifert Senior VP & Equity Analyst, CFRA Research 39:43
Broad inflows support BlackRock buy rating.
Cathy Seifert has a buy rating on BlackRock after a broad-based quarter with $342 billion in total client cash inflows across equity ETFs, fixed income, and alternatives, pushing assets to $14 trillion. Private markets acquisitions that some feared were late or overpaid are contributing to inflows and revenue, technology revenue rose, and Citigroup's $80 billion mandate confirms institutional momentum.
BLK HIGH
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This Bloomberg Markets video, published January 15, 2026, features James Attwood, Michael Shepherd, Cathy Seifert discussing COPPER, TSM, BLK. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: James Attwood, Michael Shepherd, Cathy Seifert  · Tickers: COPPER, TSM, BLK