“China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions,” the fact sheet said. “This includes a 125% reciprocal tariff, a 20% tariff to…
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Tesla suspends importing Cybercab, Semi parts from China as Trump tariff war wages on: report
Elon Musk’s Tesla has reportedly halted imports from China of car parts needed for its upcoming Cybercab and Semi electric truck due to the impact of President Trump’s trade war with Beijing.
The US–China ‘decoupling’ would be a messy divorce
The economic alliance is now hanging on by a thread. And the real-world collateral damage is already piling up as multinational corporations like Nvidia and Boeing face billions in lost revenue as a direct result…
Temu slashes U.S. ad spending, plummets in App Store rankings after Trump China tariffs
Chinese online retailer Temu, whose “Shop like a billionaire” marketing campaign made its way to last year’s Super Bowl, has dramatically slashed its online ad spending in the U.S. and seen its ranking in Apple’s…
Local Chinese Governments Mulling How To Dispose of Growing Stockpile of Seized Crypto Assets: Report
Local Chinese governments are reportedly contemplating how to get rid of their burgeoning stashes of seized crypto assets.
Nvidia, caught in the US-China trade war, takes a $5.5 billion hit
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 …
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 …
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.
