AI, Trump and action plan
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That’s the case when gauging China’s evolving view of President Donald Trump’s second term. Beijing sees Trump’s disruptive actions — his gutting of institutions of U.S. soft power, his launching of trade wars against adversaries and allies alike,
China’s budget deficit climbed to a fresh record in the first half, highlighting intensified government efforts to shore up domestic demand as Donald Trump’s tariffs reduce exports to the US.
Nvidia recently became the first company to reach a $4 trillion market valuation, driven by its near-monopoly in AI chip technology.
As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.
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"China has largely shown unwillingness to live within the constraints of the rules based international system.”
1don MSN
US President Donald Trump urged tech giants to halt overseas hiring, emphasising job creation at home during an AI Summit. He criticised companies like Google and Microsoft for outsourcing and unveiled new executive orders aimed at reshaping AI infrastructure.
South Korea and the United States have been discussing a shipbuilding tie-up that could include investments to modernise U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms,
A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.