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 …
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Nvidia, caught in the US-China trade war, takes a $5.5 billion hit
Trump’s new chip controls on China set to cost U.S. companies billions
Nvidia and AMD said Trump’s new restrictions on exports of AI chips to China will cost them billions of dollars, adding to uncertainty caused by his trade war.
At United Nations, China to blast US for bullying, trade war
China will next week convene an informal United Nations Security Council meeting to accuse the United States of bullying and “casting a shadow over the global efforts for peace and development” by weaponizing tariffs.
Scott Bessent Says China Won’t ‘Weaponize’ US Treasuries, Citing Risk To RMB And Exports: ‘We Do Buybacks’
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,
Crypto dips, China open to Tariff talks, Nvidia faces chip ban
Crypto dips, China open to Tariff talks, Nvidia faces chip ban FOMO HOUR EP338 BTC falls below 200D MA in bearish sign. BTC correlation to stocks nearly 0. BTC miners are main sellers amid higher…
Have China’s Local Governments Just Sold 15K Bitcoin Worth $1.35B? Here Are the Facts
Circulating reports suggesting local governments in China recently sold over $1 billion in Bitcoin might be misrepresenting facts. Recent rumors across crypto media have stirred fears that Chinese …
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.
