NVIDIA CEO Slams U.S. AI Chip Export Curbs to China
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Chinese critical mineral exports rose sharply ahead of “Liberation Day” tariffs, analysts warn overseas dependence could last years.
A temporary trade truce between the world’s two largest economies has sparked a knee-jerk bounce across China’s ports and factory floors.
The global credit insurer Allianz Trade recently surveyed 4,500 exporting firms in the U.S., Europe and Asia and found that more than six in 10 U.S. firms plan to reroute supply chains from China to avoid tariffs, shifting primarily to suppliers in Western Europe and Latin America. More than half plan to increase prices to offset tariff costs.
China's CMOC Group , the world's top cobalt mining company, called on Democratic Republic of Congo last week to lift a ban on exports of the battery metal, which is currently due to expire next month,
General Motors halts US vehicle exports to China amid tariff tensions despite a recent 90-day pause in wrangling.
Tariffs, politics, and shifting priorities are unraveling the iPhone supply chain that once tied the US and China together.
“But now, we sell mainly to South Africa, to big brands like supermarkets. So, our sales to the U.S. have dropped a lot — to about 15%,” Xiangguang owner, Wu Qizhen, told Marketplace at a recent Shanghai trade show.
In the week beginning May 12, bookings on freighters from China to US more than doubled from prior week. Read more at straitstimes.com. Read more at straitstimes.com.
The threat of disruption is growing as export bans multiply and diversification efforts face stiff hurdles, the International Energy Agency said.