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US-China rela
2026-09-26 17:01:04

US-China summit outlines AI hotline and possible tariff relief on $30 billion in goods

U.S. President Donald Trump and Chinese President Xi Jinping wrapped up a summit in Washington this week with a list of announced outcomes, including a new dialogue channel on what the White House called "Super Intelligence" and a trade understanding covering $30 billion in non-sensitive goods on each side. According to the White House summary, the two countries will set up a bilateral communication mechanism for AI-related incidents and hold the next round of exchanges before November 2026. The White House also said both sides reached a consensus to recommend more favorable tariff treatment for selected non-sensitive goods, while China committed to import at least 10 million tons of U.S. coal in both 2027 and 2028. Still, several foreign media outlets said the summit did not produce a major breakthrough, with core disagreements left for later talks. Differences between the White House version and the list published by Xinhua also drew attention, especially on coal, rare earths and the scope of the outcomes. Taiwan, another closely watched issue, was not mentioned in the White House readout.

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US-China summit outlines AI hotline and possible tariff relief on $30 billion in goods
South Korea
2026-09-10 06:49:48

South Korea nears $100 billion-plus U.S. energy investment announcement tied to AI buildout

South Korea is preparing to announce a major energy investment package in the United States to support U.S. artificial intelligence infrastructure, according to The Wall Street Journal. People familiar with the matter said the package could be worth more than $100 billion and may include funding for as many as eight nuclear power plants and one natural gas project. The planned announcement is described as a long-awaited step linked to a trade agreement reached last year between Washington and Seoul. Under that deal, President Donald Trump and South Korean President Lee Jae-myung agreed in October to lower most U.S. tariffs on South Korea from 25% to 15%, including tariffs affecting the country’s auto sector. In return, South Korea pledged $350 billion in U.S. investment and an additional $100 billion in purchases of American energy. No projects had previously been finalized, a delay that drew frustration from U.S. officials, including Trump. The report said Trump threatened in January to raise tariffs on South Korea again. The two sides are now close to finalizing two agreements, with an announcement possible as early as next week.

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South Korea nears $100 billion-plus U.S. energy investment announcement tied to AI buildout
Donald Trump
2026-09-08 20:36:42

Trump says Canada could be removed from a $50 billion U.S. procurement plan

U.S. President Donald Trump said Canada restricts access for American agricultural products and businesses while still benefiting from access to the U.S. government procurement market. He said he has directed the General Services Administration and the Office of the United States Trade Representative to take action on the issue. According to the statement cited by ChainCatcher, if Canada does not restore what Trump described as fair treatment for the United States, Canadian products will be removed from a $50 billion procurement plan. The report did not provide additional details on the timeline for the measures or the scope of the products involved.

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Trump says Canada could be removed from a $50 billion U.S. procurement plan
semiconductor
2026-09-03 12:06:38

Trump Administration Plans to Expand Semiconductor Import Tariffs

U.S. Commerce Secretary Howard Lutnick confirmed that the Trump administration plans to impose additional tariffs on imported semiconductors starting September 2, 2026, under Section 232 of the Trade Expansion Act of 1962. The tariffs cover advanced computing chips, servers, laptops, and gaming hardware. Previously, the department had imposed a 25% tariff on certain advanced computing chips on January 14, 2026, and will implement a 15% tariff on polysilicon and its derivatives along with a minimum price restriction from December 4. Chipmakers that build or expand facilities in the U.S. can apply for exemptions, with cumulative investment commitments reaching hundreds of billions of dollars. The policy was first reported by CryptoBriefing.

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Trump Administration Plans to Expand Semiconductor Import Tariffs
US tariffs
2026-09-02 12:35:17

Lutnick Says Trump Administration Weighs New Semiconductor Tariffs

US Commerce Secretary Lutnick said Wednesday that the Trump administration is weighing another round of import tariffs on semiconductors, a move that could push duties on foreign-made chips higher and steer more chip manufacturing to the United States. The new tariffs may be paired with tariff relief for companies investing in US manufacturing, following the approach the administration previously used with the pharmaceutical industry. Lutnick said the principle for semiconductors should be simple: companies that build chips in America receive a tariff exemption, while those that do not will pay tariffs. He called the approach smart and effective. The United States has already acted on chip imports before. Trump has imposed 25% tariffs on certain advanced semiconductors, and after the Commerce Department completed a related trade investigation, he ordered tariffs on those chips this January. The next round could be broader in scope, expanding from semiconductors themselves to products containing chips, which would affect imports of data center servers and consumer electronics.

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Lutnick Says Trump Administration Weighs New Semiconductor Tariffs
Canada
2026-08-22 06:53:58

Trump’s 50% Tariff Hits Canada as Carney Moves to Cut Reliance on the U.S.

A 50% tariff imposed by U.S. President Donald Trump on certain Canadian goods took effect this week, covering about C$20 billion in exports to the United States. With roughly 70% of Canada’s exports still bound for the U.S., Ottawa is responding by widening trade ties, pushing domestic commerce, and accelerating infrastructure plans. Prime Minister Mark Carney said Canada will match the move with equal tariffs to defend businesses and jobs. The latest round also comes as Trump declined to renew a USMCA exemption arrangement, putting the trade pact into annual review. Canada has been trying to diversify for years, deepening trade with China, India, Saudi Arabia and European countries, while increasing non-U.S. exports and expanding ports, minerals and energy infrastructure at home.

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Trump’s 50% Tariff Hits Canada as Carney Moves to Cut Reliance on the U.S.
Trump adminis
2026-08-19 21:01:44

Trump administration may cut tariffs on Canadian auto imports to 15%, source says

The Trump administration is planning to reduce tariffs on imported automobiles from Canada to 15% from 25%, according to ChainCatcher, which cited a person familiar with the matter. The proposed move is described as part of a broader agreement between the two sides. Under the reported framework, Canada would be required to roll back retaliatory trade measures imposed on the United States. Even with the lower tariff rate, the new 15% duty would still apply to non-U.S. content contained in vehicles, according to the report. The terms of the agreement have not been finalized. ChainCatcher said key details remain unsettled, meaning the final outcome is still uncertain. No further provisions of the arrangement were disclosed in the report.

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Trump administration may cut tariffs on Canadian auto imports to 15%, source says