Nvidia and Other Chip Giants Are Caught in Trade War Crossfire
Nvidia and others are the latest casualties of escalating tensions between Washington and Beijing, as analysts press business leaders about the tariffs fallout. Source link
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Tariff Confusion and Recession Fears Leave Advertisers ‘Paralyzed’
Persuading people to spend money in a time of unpredictable tariffs is proving to be a complicated calculation for the $380 billion American advertising industry. Should a retailer commit to holiday television commercials for toys manufactured by newly vulnerable trading partners? How do social media companies account for the potential disappearance of Chinese companies that…
Stocks Tumble in Asia as Tech Investors Pull Back
Share prices of big technology companies declined in Asia on Wednesday, dragging broader markets lower, after Nvidia, the American chip giant, revealed that the U.S. government would restrict sales of some of its chips to China. They are the first major limits that President Trump’s administration has put on semiconductor sales abroad. Nvidia dominates the…
Trump Has Mixed Emotions Toward Japan
This month in the White House’s Rose Garden, as he held up a placard showing the global wave of tariffs he wanted to impose, President Trump paused to fondly recall a fallen friend. “The prime minister of Japan, Shinzo, was — Shinzo Abe — he was a fantastic man,” Mr. Trump said during the tariff…
China Girds for Economic Stress of Trump’s Tariffs
President Trump’s tariffs have been good for China’s economic growth. At least they were over the first three months of the year, as the country’s factories raced to ship exports ahead of the trade restrictions. China’s National Bureau of Statistics reported on Wednesday that the country’s gross domestic product grew 1.2 percent from the last…
Trump Seeks to Lower Drug Prices Through Medicare and Some Imports
President Trump signed an executive order on Tuesday outlining a series of actions intended to lower drug prices, including helping states import drugs from Canada. The policies were more modest than proposals to reduce drug prices that Mr. Trump offered in his first term. And one of his new directives could increase drug prices. It…
White House Ends a Regular Reporting Slot for Independent Newswires
The Trump administration said Tuesday that it would no longer reserve a regular slot in the presidential press pool for three independent newswires that have participated for decades, including The Associated Press. The move is the latest effort by the White House to exert more control over the dedicated press corps that reports on its…
Trump’s Tariff Threat for Drug imports Poses Big Political Risks
President Trump’s decision to move a step closer to imposing tariffs on imported medicines poses considerable political risk, because Americans could face higher prices and more shortages of critical drugs. The Trump administration filed a federal notice on Monday saying that it had begun an investigation into whether imports of medicines and pharmaceutical ingredients threaten…
Why Antitrust Breakups of Google and Meta Could Be Difficult
The last time the courts seriously weighed the wisdom of breaking up a giant technology company was a quarter-century ago, after Microsoft was found to have illegally stifled competition in personal computer software. A Federal District Court judge said yes to forcing Microsoft to split in two, separating its monopoly Windows operating system from its…
‘Human Made’: Artists Push Back on A.I. Dolls and Action Figures
This week, the actress Brooke Shields posted an image of an action-figure version of herself that came with a needlepoint kit and a pet terrier. Representative Marjorie Taylor Greene, Republican of Georgia, imagined her own figurine accompanied by a gavel and a Bible. These hyper-realistic dolls are nowhere to be found in toy stores, at…