AFP Asia Business
Most markets down as Fed holds and Trump announces fresh tariffs
Asian markets mostly fell Thursday while the dollar held most of its gains as traders weighed a cautious Federal Reserve with strong tech earnings and Donald Trump’s tariffs on key economies South Korea and India.The central bank held interest rates steady and refrained from suggesting it would cut any time soon despite as he brushed …
Most markets down as Fed holds and Trump announces fresh tariffs Read More »
China summons chip giant Nvidia over alleged security risks
Chinese authorities summoned Nvidia representatives on Thursday to discuss “serious security issues” over some of its artificial intelligence chips, as the US tech giant finds itself entangled in trade tensions between Beijing and Washington.Nvidia is a world-leading producer of AI semiconductors, but the United States effectively restricts which chips it can export to China on …
China summons chip giant Nvidia over alleged security risks Read More »
Trump says US to impose 15% tariff on South Korean goods
President Donald Trump said Wednesday the United States will impose a 15 percent tariff on imports from South Korea, as he touted a “full and complete trade deal” between the two countries.”South Korea will give to the United States $350 Billion Dollars for Investments,” Trump said in a post on his Truth Social platform, adding …
Trump says US to impose 15% tariff on South Korean goods Read More »