US President Donald Trump slapped new tariffs on 92 countries, including key allies. Canada, the US’s number two trade partner, was hit with a 35% rate.
With US-China trade grinding to a halt, President Donald Trump told ABC News on Sunday that he would lower the 145% tariff imposed on China “at some point.”
The topsy-turvy-tariff tale continued to swing, as the Trump administration advanced a plan on Monday that could result in new levies on semiconductors and pharmaceuticals. The news came days after US President Donald Trump announced that smartphones would be exempt from the 145% duty that he had slapped on China.
H3C, one of China’s biggest server makers, has warned about running out of Nvidia H20 chips, the most powerful AI chips Chinese companies can legally purchase under US export controls.
Microsoft has joined a growing revolt against Biden-era chip export controls that tech companies claim will hurt American competitiveness. On Feb. 27, Microsoft publicly urged the Trump administration to roll back one specific set of restrictions on advanced AI chips imposed during Biden’s final days in office.
A Chinese startup might have achieved what many thought was impossible: matching America’s best artificial intelligence systems at a fraction of the cost.