File photo: US President Donald Trump TOI correspondant from Washington: The US Senate on Friday approved a bill that will allow President Trump to impose 100% tariffs on the world’s top five purchasers of Russian oil or natural gas, including India, China, and Turkey.The legislation also targets countries helping Russia evade energy sanctions, Russian banks,…
US President Donald Trump’s team’s arrival in Beijing was marked amid a digital lockdown. Accompanied by some of America’s most influential business and technology leaders, even as US officials travelling with the delegation operated under strict cybersecurity precautions.Among the executives joining Trump on the trip were Nvidia chief Jensen Huang, Apple chief Tim Cook, Tesla…
America has granted Samsung and SK Hynix yearly permits to send chipmaking tools to their Chinese plants until 2026. This replaces an older system with stricter annual reviews. These licenses allow factories to operate and maintain equipment. However, they do not permit expansion or upgrades to the newest technology. The US aims to limit China’s…
TOI correspondent from Washington : Tariffs? What tariffs? In a resounding rebuff to US efforts to corral its manufacturing might and gargantuan growth, China announced a $ 1 trillion trade surplus with the world on Monday, leaving Washington, New Delhi, Brussels among others capitals wringing their hands. It is the first time in human history…
Advanced Micro Devices CEO Lisa Su reiterated that the company is prepared to pay a 15% tax to the US government to ship its AI chips to China. Talking at an event hosted by Wired, AMD CEO talked about selling chips to China. She confirmed that AMD will pay a 15 percent tax instituted by…
The Trump administration is considering greenlighting sales of Nvidia‘s H200 artificial intelligence chips to China, people familiar with the matter said, as a bilateral detente boosts prospects for exports of advanced US technology to China. The Commerce Department, which oversees US export controls, is reviewing a change to its policy of barring sales of such…
Nvidia has made an important clarification. The company has denied that its CEO Jensen Huang handed over the victory crown to China in AI race. The clarification comes post a report in Financial Times that claimed Huang said, “China is going to win the AI race.” Huang is said to have told the newspaper on…
RAI Image for Representation China’s move to tighten control over rare earth mineral exports has backfired, prompting the United States and its allies to ramp up efforts to secure alternative supplies of the critical materials, so says US Treasury Secretary Scott Bessent. Talking to Epoch Times, Bessent said that Beijing “made a real mistake” by…
The stock market will enter the third week of the government shutdown after a five-day run of market volatility shaped by US-China trade relations. At the closing bell on Friday, the S&P 500 (^GSPC), tech-heavy Nasdaq Composite (^IXIC), and Dow Jones Industrial Average (^DJI) all managed to eke out wins to cap a volatile week…
US Treasury Secretary Bessent announced on Wednesday (October 15) that 85 US senators are willing to grant President Donald Trump the authority to impose tariffs of up to 500% on China for purchases of Russian oil Bessent said, “85 US senators are willing to give President Trump the authority to put up to 500% tariffs…