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Trump orders critical minerals probe that may bring new tariffs
US President Donald Trump ordered a probe Tuesday that may result in tariffs on critical minerals, rare-earth metals and associated products such as smartphones, in an escalation of his dispute with global trade partners.
Nvidia expects $5.5 bn hit as US targets chips sent to China
Nvidia on Tuesday notified regulators that it expects a $5.5 billion hit this quarter due to a new US licensing requirement on the primary chip it can legally sell in China. "First quarter results are expected to include up to approximately $5.5 billion of charges associated with H20 products for inventory, purchase commitments, and related reserves," Nvidia said in the filing. gc/des
Wine consumption falls heavily into the red
Worldwide consumption of wine fell in 2024 to its lowest level in more than 60 years, the main trade body said Tuesday, raising concerns about new risks from US tariffs. Production is also at its lowest level in more than 60 years, having fallen 4.8 percent in 2024 to 225.8 million hl.
Trump resurrects ghost of US military bases in Panama
US President Donald Trump's bid to take back control of the Panama Canal has put his counterpart Jose Raul Mulino in a difficult position and revived fears in the Central American country that US military bases will return. - Will US military bases return?
Boeing faces fresh crisis with US-China trade war
US aviation giant Boeing, fresh off a crippling labor dispute and quality control crisis, has now found itself drawn into the escalating trade conflict between Washington and Beijing. Last week, Bloomberg reported that China's Juneyao Airlines was delaying delivery of a Boeing widebody aircraft as the growing trade conflict drives up costs of big-ticket products.
Canada offers automakers tariff relief, Honda denies weighing move
Ottawa on Tuesday offered tariff relief to automakers on condition they maintain production in Canada, fearing US President Donald Trump's policies could trigger a flight of the key manufacturing sector to the United States.
Trump says China 'reneged' on Boeing deal as tensions flare
US President Donald Trump said Tuesday that China has gone back on a major Boeing deal, after a news report that Beijing ordered airlines not to take further deliveries of the US aviation giant's jets. Trump took aim at Beijing again on Tuesday, saying on Truth Social that China did not fully fulfil an earlier trade deal.
Facebook chief Zuckerberg testifying again in US antitrust trial
Social media titan Mark Zuckerberg took the stand for a second day Tuesday in a landmark US antitrust trial where his conglomerate Meta is accused of taking over Instagram and WhatsApp before they could become competitors.
Trump trade war casts pall in China's southern export heartland
The blistering tariff war launched by Donald Trump this month cast a shadow Tuesday as businesses met to strike deals at a trade show in southern China, for decades a key hub for exports to the United States. She told AFP at the firm's booth that the trade war will still hurt -- even though it does a limited amount of business with the United States.
AFP
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