The Trump administration announced that the new licensing requirements would apply to exports of certain semiconductor products to China. AMD confirmed its MI308 chip is impacted.
Despite this, the Tesla Model Y emerged as the best-selling vehicle in California, and three Tesla cars placed in the top 10 selling battery and hybrid electric vehicles in the state.
U.S. major indices traded lower at midday Wednesday, pressured by sharp declines in tech and semiconductor stocks after Washington tightened chip export restrictions to China.
In a surprise move on Wednesday morning, Trump announced on Truth Social that he would join the meeting and expand the agenda to include military cost-sharing and what he called “trade fairness.”
The lawsuit was filed by academic Or Brook with the U.K. Competition Appeal Tribunal, claiming that Google restricted competing search engines using its market dominance.
During his visit to Malaysia, Chinese President Xi Jinping warned against “geopolitical and camp-based confrontation” and called on Asia-Pacific nations to resist “unilateralism and protectionism.”
California intends to file the lawsuit Wednesday in the San Francisco federal court to block the Trump administration from imposing reciprocal tariffs.
Trump’s order said the U.S. reliance on imported critical minerals “raises the potential for risks to national security, defense readiness, price stability, and economic prosperity.”
Li Chenggang was appointed as the country's international trade negotiation representative and as the Vice Minister of the Ministry of Commerce, replacing Wang Shouwen
