US CHINA TARIFFS 2025
Who is Alice Huang, Chinese exec accused of spying on Nvidia CEO?
Alice Huang, a citizen of China, stands accused of espionage for Beijing through her romantic connection with Nvidia's Jensen Huang. Reports suggest she played a pivotal role at Megaspeed International, a data center firm, allegedly gathering intelligence on Jensen following the disclosure of their relationship. US authorities are scrutinizing Megaspeed for possibly violating chip export regulations. Both Alice and Megaspeed firmly reject these allegations as investigations continue.
Nvidia CEO Jensen Huang's secret affair: Why did US intelligence suspect Alice Huang of spying for China?
Alice Huang, a Chinese entrepreneur, is under scrutiny for alleged connections to the Ministry of State Security in China. US intelligence suspects she could have obtained confidential insights about Nvidia's CEO, Jensen Huang, raising questions about her impact on Nvidia's chip sales. As a precaution, Nvidia's board has begun evaluating its relationship with Huang and her enterprise amidst growing concerns over China's tech ambitions.
China extends suspension of 24% tariffs on US goods by two months, retains 10% duty
China announced its decision to prolong the suspension of the extra 24% tariffs on US goods by two more months, keeping the 10% duty on American imports in place. This extension comes in light of a prior agreement made between the leaders of both nations, effective from November 10, 2025. The recent announcement signifies ongoing trade discussions and the complexities involved in US-China economic ties.
US midterm results may give India trade leverage, but tariff and AI risks remain
The US midterm results may give India some room in trade negotiations by increasing congressional scrutiny of executive action, but they do not remove tariff risks or alter Washington's strategic priorities. AI investment is also unlikely to retreat, with capital expected to remain within the US rather than shift significantly to emerging markets.
AI slump revives Asia’s forgotten trades from China to India
Global investors are rethinking their Asia bets as the AI trade loses momentum following the US midterm elections. India and China are emerging as potential beneficiaries of the shift, with funds rotating towards undervalued stocks, domestic growth, healthcare, consumer companies and financials. India's limited AI exposure, easing oil prices and renewed foreign inflows are strengthening its appeal.
After the US midterm rout of Trumpism, the world struggles to trust America again
In the wake of the midterm elections, Joe Reeve alongside other international observers share their skepticism about the integrity of American democracy. A dominant concern is the potential volatility in U.S. policy amidst Trump’s sway. There’s a strong call from world leaders for the U.S. to uphold its democratic values, as businesses start to feel anxious about impending changes in trade and immigration policies.
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After the US midterm rout of Trumpism, the world struggles to trust America again
Joe Reeve, a London startup founder, expressed global concern over the uncertainty following the midterm elections. Many international observers doubt whether the election results will lead to significant policy changes. Political leaders and business owners are cautious about America's potential direction under continued Trump influence. The emotional aftermath of the elections enhances feelings of distrust in American governance worldwide.
China's giant pandas make public debut at US zoo
Giant pandas Ping Ping and Fu Shuang have made their public debut at Zoo Atlanta after their arrival. The pandas were flown from Chengdu to Atlanta in September as part of a ten-year loan. Zoo Atlanta has renovated facilities to host the pandas, providing locally grown bamboo for their diet. The black-and-white mammals are considered vulnerable, with their population threatened by habitat loss and poaching.
AI selloff hits India too: TD Power, HFCL, Sterlite, other power capex-linked stocks crash up to 15%
Indian power capex and AI-linked stocks tumbled as a global technology sell-off spread across markets, with TD Power and Thermax plunging 15% each. Concerns that US midterm election results could slow data centre expansion and AI infrastructure spending triggered sharp losses across Asian technology stocks and domestic market-linked companies.
Yuan set for first weekly loss in six weeks as equity rout dents sentiment
China’s yuan headed for its first weekly decline in six weeks as weaker PBOC guidance and a sharp equity selloff hurt sentiment. While the central bank appears wary of rapid appreciation, seasonal exporter conversions could support the currency toward year-end.
Global Market Today: Asian stocks join US selloff as AI slump deepens
South Korea’s tech-heavy Kospi Index slid 8.8% in early trading, triggering a circuit breaker, with chipmakers Samsung Electronics Co. and SK Hynix Inc. both plunging more than 9%. Japan’s benchmark Nikkei 225 Stock Average lost 6.2%, while the MSCI Asia Pacific Index declined 2.9%. Futures pointed to losses in Taiwan, Hong Kong and China.
Developing countries' debt hit record $9.4 trillion in 2025: World Bank
Most of the increase was driven by private financing, with borrowing from private creditors and bond issuance by public enterprises rising nearly 35 percent, the Bank's annual International Debt Report showed.
American midterm results will not have an impact on India-US interim trade deal: Sources
The Democrats' sweeping victory in the US midterm elections is unlikely to affect the India-US interim trade agreement, as the pact does not require formal Congressional ratification, sources said. However, ongoing Section 301 investigations into forced labour and excess industrial capacity could influence Washington's tariff structure and the finalisation of the agreement.
Trump's midterm election setback may fast-track India-US trade deal within two months says founder, GTRI
Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI) said the election results could push Trump to focus more on trade negotiations and expedite the proposed agreement with India.
US tariffs squeeze Canadian cabinet makers facing doubling of Trump duty
As US tariffs on Canadian kitchen cabinets are set to double to 50%, the industry faces significant challenges. Companies like Cabico are considering relocating production to the US to mitigate costs. Many cabinet manufacturers have experienced reduced shipment volumes and workforce cuts due to tariffs. The Canadian government has proposed a provisional 25% surtax, but manufacturers want stronger measures.
China cleantech stocks surge on hopes of stronger US clean energy support
Chinese cleantech stocks rallied on Thursday as Democrats' strong US midterm election performance fuelled hopes of stronger support for renewable energy. Investors expect potential policy shifts to benefit solar, battery and clean energy companies, although existing US tariffs and trade restrictions could limit Chinese exporters' access to the American market.
Donald Trump's political humbling after US midterms signals short-term gain, long-term pain for China
Donald Trump's US midterm election defeat could strengthen China's hand in upcoming US-China trade negotiations, giving Beijing leverage to push for tariff reductions and other concessions. However, Beijing remains wary of a potentially more hawkish US administration after Trump. China's concerns include Taiwan arms sales, a possible Iran war escalation, energy security and the future of its fragile trade truce with Washington.
What the midterms elections mean for US-China ties
A recent victory for Democrats in the US midterm elections may reshape relationships with China in several ways. Control of Congress allows them to limit President Donald Trump's tariffs on Chinese products, which may influence ongoing trade negotiations. Taiwan could become a critical issue, especially if Democrats push for arms sales to support the island. Beijing might perceive Trump’s weakened political status as an opportunity to apply pressure on him.
India takes calm view of US midterm results, sees bipartisan support anchoring ties
India is observing the results of the recent US midterm elections with a sense of calmness and stability. The Democrat victory is seen as a move to limit the influence of the Trump administration. India has maintained strong relations with both parties in Congress since 2000 through various sectors.
Alcohol stocks jump as blue wave boosts industry prospects
As the midterm elections unfold, investors are directing their focus to the alcohol sector, anticipating positive impacts on companies such as Constellation Brands due to shifting immigration policies. Optimism surrounding decreasing trade tensions with Canada also seems to uplift brands like Brown-Forman. However, the looming tariffs have caused a sharp decline in US spirits exports, and overall alcohol consumption in the country is still at historical lows, despite minor upticks.
US trade deficit contracts slightly in September
In September, the US trade deficit decreased by 0.6 percent, driven by capital goods imports and strong exports. Imports rose by 1.2 percent to $426.6 billion, primarily fueled by computers and accessories. Additionally, crude oil imports saw a reduction of $1.3 billion during this period. On the other hand, exports climbed by 1.8 percent, reaching $321.5 billion due to oil, food, and capital goods.
From Iran to trade, how the US midterms impact the rest of the world
US Democrats' recent midterm election victories could influence global relations, especially concerning Iran and Israel. The potential for a peace deal with Iran seems viable as US voters oppose prolonged conflicts. In Ukraine, Democrats may propose increased financial and military aid, which could face delays. Additionally, Asian countries may reconsider investment pledges to avoid tariffs in light of these outcomes.
US midterm election results: What Trump & Republicans' loss means for India
US midterms result: Indian industry and economy watchers were keenly looking at the polls to try and find out what direction US policy will take. In recent months, India's trade/export fortunes have swayed in lockstep with Trump's tantrums, making policymakers jittery over any new development in the US.
Trump's midterm setback may put India under pressure for quick trade deal on US terms: GTRI
Amid electoral challenges, US President Donald Trump is likely to ramp up pressure on India to seal a trade deal. This potential agreement would require India to decrease import tariffs on US goods while the US keeps its tariffs intact. Analysts caution that such an arrangement may breach WTO MFN principles, undermining India's trade credibility. Additionally, compromising energy security and development aspirations could have serious implications.
Asian companies to ramp up investments in US amid supply-chain shifts
Citi expects investments by South Korean, Japanese and Taiwanese companies in the US to rise as global supply chains shift. The bank also sees growing cross-border business flows involving India and China, creating opportunities in transaction banking and financial services.
Tesla, Samsung oppose new US tariffs on Vietnam as probe deadline nears
Businesses are divided over whether Washington should propose new tariffs on Vietnamese goods this month, with Tesla and Samsung not in favour, while others have called for penalties, submissions to the US government show.
Tesla, Samsung oppose new US tariffs on Vietnam as probe deadline nears
A trade investigation into Vietnam's intellectual property practices is nearing a conclusion with a November 29 deadline. Various industries have conflicting views on whether new tariffs should be imposed on Vietnamese goods. Tesla and Samsung are against additional tariffs, while steel and wood sectors advocate for penalties. Vietnam has faced escalating exports to the US, surpassing its previous trade standings.
China trade accord with Swiss bucks wider trend towards protectionism
Chinese President Xi Jinping and Swiss President Guy Parmelin are set to sign a significant trade deal. The accord offers Switzerland extensive market access to China, enhancing the trade relationship between the two nations. This agreement notably contrasts with increasing trade barriers established by the United States and the European Union. Swiss officials believe this deal will provide stability in a volatile global trade environment.
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