Republican Representative John Moolenaar, chair of the House Select Committee on China, has voiced strong opposition to the Commerce Department’s recent decision to allow Nvidia to resume sales of its H20 AI chips to China. In a letter to Commerce Secretary Howard Lutnick, Moolenaar warned that the reversal of the earlier ban on H20 exports—originallyContinue reading “GOP Lawmaker Blasts Nvidia Chip Exports to China, Citing AI Security Threats”
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Trump Announces New Trade Deal with Indonesia Featuring 19% Tariff and Major U.S. Exports
President Donald Trump unveiled a new trade agreement with Indonesia on Tuesday that imposes a 19% tariff on Indonesian exports to the United States, a reduction from an earlier threatened tariff rate of 32%. The deal aims to recalibrate trade relations between the two nations while boosting U.S. exports in key sectors. Indonesia was seenContinue reading “Trump Announces New Trade Deal with Indonesia Featuring 19% Tariff and Major U.S. Exports”
$20 Billion offer to acquire Tiktok proposed by McCourt
Billionaire Frank McCourt, founder of McCourt Global and the ambitious Project Liberty initiative, has publicly revealed his readiness to pursue a $20 billion bid to acquire TikTok’s U.S. operations—a move that has quickly garnered attention amid mounting national security concerns and increasing political pressure on the Chinese-owned social media giant. This proposed takeover comes atContinue reading “$20 Billion offer to acquire Tiktok proposed by McCourt”
Global markets plummet due to new tariffs imposed
Global financial markets experienced one of their sharpest declines since the pandemic crash of 2020 following the announcement of sweeping new tariffs by the U.S. government. On Monday, the Trump administration revealed that it would be imposing new tariffs across nearly all sectors of the economy, including technology, triggering widespread investor panic and a sell-offContinue reading “Global markets plummet due to new tariffs imposed”
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