Nvidia and AMD to pay 15% of China chip sales to US
Nvidia told the BBC: “We follow rules the US government sets for our participation in worldwide markets.”
Global Trade
Trump orders India tariff hike to 50% for buying Russian oil
The tariffs would go into effect 21 days after the signing of the order
New Trade talks between China and US held in Sweden
The two countries hope to extend the 90-day pause on triple-digit tariffs negotiated during a meeting in Geneva in May.
EU to keep US trade countermeasures on hold until August
We have always been very clear that we prefer a negotiated solution,” she added.
China partially lifts ban on Japanese seafood imports
A notice from the customs agency said the ban had been lifted Sunday and that imports from much of Japan would be resumed.
Global Trade
Canada drops tech tax to restart US trade talks
Canada will rescind a planned digital services tax in order to advance stalled trade talks with the U.S., Ottawa announced on Sunday.
China, U.S. Confirm Particulars of their Trade Deal, Beijing Says
He added that there was a lack of clarity on which rare earth export curbs will be relaxed, barring magnets.
A Strait of Hormuz Blockade Could Hit Global Oil, But China May Be Less Vulnerable Than It Looks
Iran was China’s third-largest crude oil supplier
Japan’s Nippon Finalize Controversial US Steel Deal after Trump Pact
The plan, first announced in 2023, had been seen as a lifeline for the storied but struggling 124-year-old US Steel.
Trump says rare earths deal ‘done’ with China
“Our deal with China is done, subject to final approval with President Xi and me,” Trump wrote.