U.S. Donald Trump ratcheted up a trade war with China even as he did an about turn on steep new reciprocal tariffs on most trading partners on Wednesday.Trump hiked the tariff on Chinese imports to 125% from the 104% level that kicked in on Wednesday.Beijing may again respond in kind after slapping 84% tariffs on U.S. imports on Wednesday to match Trump’s earlier tariff salvo. It has repeatedly ...
Investing.com-- The risk of Chinese companies being forcibly delisted from U.S. exchanges has risen, but immediate action appears unlikely, according to TD Cowen analysts.Analysts cautioned that while Treasury Secretary Scott Bessent did not dismiss the possibility when questioned, his comments should not be interpreted as a signal of imminent policy changes.TD Cowen believes any delisting move wo ...
By Ben Blanchard and Wen-Yee LeeTAIPEI (Reuters) -TSMC, the world’s largest contract chipmaker, said on Thursday that first-quarter revenue jumped 42%, slightly ahead of a market consensus, benefiting from the boom in artificial intelligence.Revenue for January-March came in at T$839.3 billion ($25.6 billion), Taiwan Semiconductor Manufacturing Co said in a brief statement. That was a tad higher ...
By Pesha Magid and Manya SainiRIYADH/DUBAI (Reuters) - Tesla (NASDAQ:TSLA) starts selling cars in Saudi Arabia on Thursday, a country where on a 900-kilometre (559 mile) stretch of its main east-west highway linking the capital Riyadh and the holy city of Mecca there isn’t a single charging station. Electric vehicle sales in the kingdom totalled just 2,000 last year, according to Telemetry analy ...