Nvidia expects to take $5.5bn hit as US tightens AI chip export rules to China | Nvidia
Nvidia says it expects a $5.5 billion (£4.1 billion) hit after Donald Trump’s administration banned chip designers from selling important artificial intelligence chips in China. In an official submission late Tuesday, the company said the H20 AI chip, specially designed for the Chinese market to comply with export controls, would require a special license to […]
China beat growth expectations in Q1, but US tariffs cloud outlook
Rep. Warren Davidson of R-Ohio has evaluated President Donald Trump’s customs policy and shares the administration’s ongoing battle with federal judges on the “final line.” China has beaten expectations of first quarter economic growth, but the remaining prospects for 2025 remain dim as Beijing’s orthotics due to the impact of heavy US tariffs. The latest […]
We Must Decouple from China on Rare Earths Now
China has rare earth leverage in the US China has threatened to cut off supply to rare earth metals in response to Trump’s tariffs, but media reports on the issue seem to overlook the most important questions we can ask at this time. Why do we rely on China for essential metals in the first […]
Toy Industry CEO Warns: Trump’s China Tariffs Could Endanger Christmas!
The president and CEO of the Toy Association stated that President Trump’s 145% tariff on China could jeopardize a child’s Christmas as the two largest economies continue to be entangled in a trade conflict. “Currently, toys aren’t being manufactured in China, and there are indications that significant US retailers are starting to cancel their orders. […]
JPMorgan’s Jamie Dimon urges Trump to engage with China, says trade war risks US credibility
JP Morgan CEO Jamie Dimon urged President Donald Trump to “involve” with China over duel tariffs before the world trade war erodes our credibility. The head of the nation’s largest bank, who has long been the Treasury Secretary, said both sides need to find an off-ramp. “I don’t think there’s any engagement right now. There’s […]
Chinese TikTok users tell people to buy Nike and Lululemon directly from China
R-Calif. Rep. Darrell Issa of the president discusses trade negotiations with more than 100 countries in “The Evening Edit.” According to Bloomberg, it was posted by a video user posted by a Chinese Tiktoc user, suggesting that people should purchase fashion items directly from Chinese factories. The video claims that many apparel brands, such as […]
Rare Earth Minerals Affected by China Export Ban Used in EVs, Green Energy, and Military Tech
China has restricted exports of several important rare earth minerals to the United States in response to President Donald Trump’s increased tariffs. The restrictions do not fall below the complete ban, but will likely delay the delivery of minerals needed by defense, energy and electronic companies. The term “rare earth mineral” is sometimes widely used […]
Johnson & Johnson worried about losses from China tariffs despite projecting $700 million in profits
Johnson & Johnson CEO said Trump’s tariffs on drugs could cause problems in the drug supply chain. In an investor’s call, CEO Joaquin Duato told colleagues that he should work with the Trump administration to address supply chain vulnerabilities that could result from tariffs. The statement appeared to be an effective call for the Trump […]
Hollywood Braces as China to Officially Reduce Import of Films over Trump Tariffs
China will officially cut the number of Hollywood films it imports in response to President Trump’s tariffs on the country. China has been teasing Hollywood film cuts since President Trump enacted his tariffs, but the country didn’t officially make it until late last week when the Chinese Film Administration (CFA) announced that American films would […]
China Accused of Attempting to Sabotage UK’s Final Primary Steel Mill
Accusations of sabotage have swirled the fate of the UK’s ultimate major steel mill, but Beijing has warned London against “turning economic and trade cooperation into political and security issues.” As the British government clearly nationalized the factory with hours of spare time, employees at the Scunthorpe factory in British Steel, the last crumb of […]