Investing.com -- The global financial system is undergoing a historic shift away from the U.S. dollar, and the implications could redefine America’s fiscal and foreign policy flexibility, Deutsche Bank’s George Saravelos said.Despite former President Donald Trump’s reversal on tariff threats, Saravelos argued that the damage to the USD has been done. He pointed to a rapid process of de- ...
Investing.com -- Analysts continue to expect meaningful restrictions on Nvidia’s H20 chip in China, despite a recent media report suggesting the U.S. Commerce Department may allow shipments to proceed.The H20, a performance-limited version of Nvidia’s flagship H100 GPU, was designed to comply with U.S. export controls by staying below a specific teraflop-per-square-millimeter performance ...
SEOUL (Reuters) - South Korean steelmaker POSCO (NYSE:PKX) is considering joining a project by Hyundai Steel (KS:004020) to build a $5.8 billion plant in Louisiana as the country’s steel industry tries to respond to U.S. tariffs on the sector, news reports said on Sunday.Hyundai Steel said it did not have any comment on the matter. POSCO said the company was considering various strategic opt ...
By David Lawder and Jeff MasonWASHINGTON/WEST PALM BEACH, Florida (Reuters) -U.S. President Donald Trump’s administration granted exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China, providing a big break to tech firms like Apple (NASDAQ:AAPL) that rely on imported products.China said it was evaluating the impact of the exclusions. In a ...