{
}
US President Donald Trump accused China of violating a trade agreement, signaling a shift from recent cooperation. He plans to discuss the issue with President Xi Jinping, while the ongoing trade conflict highlights the cyclical nature of US-China relations and the economic impact of fluctuating tariffs. The dispute over critical minerals further complicates the competition, affecting global supply chains and specific industries.
President Trump, on his second day in office, announced the Stargate Project, aiming to inject $500 billion in private investment into artificial intelligence infrastructure over four years. This initiative dwarfs the Apollo mission's $300 billion expenditure over 13 years. Sam Altman, CEO of OpenAI, expressed skepticism about the scale of the investment, suggesting it may not seem as extravagant in the future.
Trump Media & Technology Group Corp. has successfully raised approximately $2.44 billion to establish a Bitcoin treasury, with $1.44 billion coming from stock sales at $25.72 per share and around $1 billion from convertible bonds. Following the announcement, the company's shares increased by as much as 7.6%, settling at $21.43 by midday in New York. The net proceeds will primarily fund the creation of the Bitcoin treasury.
The Trump administration has implemented new export controls on semiconductor design software to limit China's capacity to develop and utilize advanced AI chips. This move is part of ongoing efforts to undermine China's technological advancements in the semiconductor sector.
The U.S. Congress is considering a bill that would enable President Trump to impose retaliatory taxes on countries with digital service taxes targeting American tech firms, potentially increasing tax rates by up to 20%. This measure, part of a broader tax bill, aims to generate an estimated $116 billion over the next decade while raising concerns about long-term foreign investment impacts and signaling a shift from multilateral cooperation to unilateral tax policies.
TikTok is enhancing its local services in Indonesia through TikTok Go, an affiliate program that allows creators to promote discounts at partner merchants. Users can redeem offers by visiting outlets and presenting a QR code, but the model raises questions about sustainability for creators and merchants alike.In the automotive sector, BYD's Denza D9 has surpassed Toyota's Alphard in sales, with over 3,000 units sold since its launch, benefiting from lower costs and government tax breaks for electric vehicles. This shift signals potential challenges for Toyota, which relies on brand loyalty in the competitive Indonesian market.
Importers are facing uncertainty as a court ruling on tariffs imposed by President Trump threatens to disrupt the holiday shipping season, with the Port of Los Angeles reporting significant declines in cargo volume and vessel cancellations. Retailers are struggling with inventory mismatches, as they prepare for a crucial holiday period amid fluctuating tariff rates and projected declines in inbound cargo levels. The situation is exacerbated by the timing of legal response deadlines, which coincide with critical planning for holiday orders.
US-China trade talks have stalled, prompting Treasury Secretary Scott Bessent to suggest that progress may require intervention from Presidents Trump and Xi. Despite a recent temporary truce, ongoing issues like the trade deficit and tariffs remain unresolved, indicating a shift towards high-level political diplomacy in trade negotiations.
Companies globally have incurred over $34 billion in additional costs and lost sales due to tariffs from the Trump administration, with ongoing uncertainty likely to exacerbate the situation. Industries such as automotive and consumer goods are particularly affected, leading to lowered profit forecasts and operational challenges. The ripple effects of these tariffs are expected to impact consumer spending and inflation significantly.
Josh Shapiro, a potential presidential candidate, expressed cautious optimism about a deal involving Nippon Steel's investment in U.S. Steel, which aims to preserve American control and save jobs in Pennsylvania. President Trump is promoting the arrangement, emphasizing its importance for U.S. manufacturing and national security, while details remain unclear. Bipartisan support exists, but the United Steelworkers union questions the deal's effectiveness, highlighting concerns over Nippon's previous stance on ownership.
Donald Trump
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Trump accuses China of trade deal violations amid rising economic tensions
05:42 31.05.2025
president trump announces ambitious 500 billion dollar investment in ai infrastructure
22:23 30.05.2025
Trump Media raises 2.44 billion dollars for Bitcoin treasury initiative
22:21 30.05.2025
us imposes export controls on semiconductor design software to china
14:34 30.05.2025
us bill targets foreign digital taxes on tech firms with retaliatory measures
14:02 30.05.2025
tiktok launches affiliate program to boost local services and creator income
United States Dollar
Indonesian Rupiah
CHN
CAN
MEX
IDN
USA
Sarah Friar
Elon Musk
Donald Trump
Show more
11:30 30.05.2025
tariff dispute disrupts holiday shipping at major us ports
08:30 30.05.2025
us china trade talks stall as leaders may need to intervene
08:10 30.05.2025
tariffs under trump administration lead to 34 billion in business losses
07:30 30.05.2025
trump promotes deal for nippon steel investment in us steel industry
Nippon Steel Corporation
USA
JPN
Dan Meuser
Josh Shapiro
John Fetterman
Dave McCormick
Chris Kelly
Donald Trump
Show more
06:48 30.05.2025
Trending
Subcategory
Corporate News
Startups & Entrepreneurship
Industry Trends
Venture Capital Investments
Fintech Startups
Cryptocurrency Trends
Emerging Startups
Funding Rounds & Investments
Retail and Consumer Goods
AI Innovations
Crypto Policies and Governance
Crypto Adoption and Integration
IPOs & SPACs
Economic Indicators
Product Launches
Market Analysis and Predictions
Private Equity Deals
Central Banks and Digital Currencies
Stock Market Updates
IPOs of Tech Companies
Countries:
Companies:
Nvidia Corporation
Apple Inc.
Microsoft Corporation Corp.
Amazon.com Inc.
Alphabet Inc.
DEUTSCHE BANK AG
Micelio Technology Fund 1
PayPal Holdings Inc.
Uber Technologies Inc.
Indifi Technologies Ltd.
The Goldman Sachs Group, Inc.
Axis Capital Ltd.
UBS Group AG
Reddit Inc.
Google LLC
Anduril Industries Inc.
Maruishi Pharmaceutical Co. Ltd.
Qatar Islamic Bank ش.م.ع
Walmart Inc.
Trump Media & Technology Group Corp.
Currencies:
People: