Treasury Secretary Scott Bessent has said that China couldn’t sell U.S. Treasuries to destabilize the financial markets, as it would affect their economy by weakening their currency. What Happened: Bessent,
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Scott Bessent Says China Won’t ‘Weaponize’ US Treasuries, Citing Risk To RMB And Exports: ‘We Do Buybacks’
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AMD flags $800 million hit from new US curbs on chip exports to China
Advanced Micro Devices expects charges of up to $800 million due to the latest curbs by the Trump administration on exports of advanced processors to China, the company said on Wednesday.
Expert estimates Boeing could lose $1.5 billion after China orders a halt on jet deliveries
The halt on jet deliveries is yet another blow to the airplane manufacturer, potentially to the tune of $1.5 billion.
Nvidia takes $5.5 billion hit as Trump tightens export restrictions in China trade war
Nvidia is caught in the middle of an escalating trade war between the world’s two largest economies. Nvidia on Tuesday said it will take a $5.5 billion financial hit after Washington placed fresh …
Chinese tea firm Chagee aims for $400mn New York IPO despite tariff war
a provider of IPO research. Chagee’s offering comes days after the Trump administration increased tariffs on Beijing to about 120 per cent amid a trade war that economists expect to hit global growth.
How China Took Over the World’s Rare Earths Industry
China seized mines and built factories. Japan took note and invested in Australia. But the United States did little despite concerns about control of supplies.
US risks pushing European allies into China’s arms with new tariffs, experts warn
The constant flip-flopping on policies will prompt European leaders to edge closer to China, who may be viewed as a more reliable trade partner, experts said.
AMD expects $800 million hit from U.S. chip restrictions on China
Advanced Micro Devices said it could incur charges of up to $800 million for exporting some products to China and other countries.
‘China’s Elon Musk’ uses just two numbers to demonstrate why his country’s auto industry is now outcompeting the U.S. and Europe
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Why it’s nearly impossible for America to meet its rare-earth needs after China’s export restrictions
China has managed to hit the U.S. where it hurts the most in response to the Trump administration’s tariffs, with restrictions on global exports of certain rare-earth elements that the U.S. has little ability to…
Ford’s China business made $900 million last year
Ford Motor’s China business, including exports from the country, made $900 million in earnings before interest and taxes last year, one of the automaker’s top executives said Wednesday.
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