Penang, known as the Silicon Valley of the East, is a major hub for semiconductor manufacturing. It is home to high-tech factories, innovation hubs and research centres, and has already attracted billions in investment from tech giants like Intel, Infineon, Lam Research and Texas Instruments. “Whatever tariff policy (the USContinue Reading
The US government has imposed tariffs of 25 percent on all imports from Mexico and Canada. The measure promoted by Donald Trump threatens the free trade system that the three countries have maintained for more than 30 years. Even before the confirmation that the tariffs went into effect on MarchContinue Reading
Second, tariffs can only make foreign companies start producing chips in the US if it becomes cheaper than doing it somewhere else. But higher American labor costs and the country’s lack of a sophisticated semiconductor supply chain means moving manufacturing there will take years, if not decades, and there’s littleContinue Reading
PALM BEACH, Florida: US President Donald Trump said on Tuesday (Feb 19) he intends to impose auto tariffs “in the neighbourhood of 25 per cent” and similar duties on semiconductors and pharmaceutical imports, the latest in a series of measures threatening to upend international trade. On Friday, Trump said levies onContinue Reading
GENEVA: The sweeping tariffs threatened or already imposed by US President Donald Trump risk triggering inflation, market distortions, and even a global recession, China said on Tuesday (Feb 19) at the World Trade Organization. After returning to office on Jan 20, Trump hit China, the world’s second-biggest economy, with an additionalContinue Reading
WASHINGTON: President Donald Trump is likely to dust off a 1930 trade law largely forgotten for decades to back his new reciprocal US tariffs that will match other countries’ higher import taxes, trade and legal experts say. Trump has said the new US tariff rates would take effect “almost immediately”,Continue Reading
“It’s not a tariff per se, it is an action of domestic policy,” Trump’s commerce secretary nominee Howard Lutnick told lawmakers at his confirmation hearing last month. “I don’t think anyone should be surprised about these tariffs or tariff threats,” said Christine McDaniel, a senior research fellow at the MercatusContinue Reading
TAIPEI: When Taiwan’s Powerchip Technology entered a deal with the eastern Chinese city of Hefei in 2015 to set up a new chip foundry, it hoped the move would help provide better access the promising Chinese market. Nine years later, however, that Chinese foundry, Nexchip, has become one of itsContinue Reading
WASHINGTON: The United States will move to impose 25 per cent tariffs on steel and aluminium imports on Monday (Feb 10), President Donald Trump said on Sunday, the latest in a slew of trade levies the US leader has announced. Trump made the announcement on board Air Force One enContinue Reading
Lorianna Calhoun, a Shein shopper, tells WIRED that of the roughly 170 items that were once on her Shein wish list, 40 now appear to be unavailable. She noticed they disappeared on Thursday afternoon. It’s not clear how Shein and Temu may be selecting what items to remove, but CalhounContinue Reading
