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The Latest Breaking News from Gary Hufbauer

Scott Bessent Says Nvidia-AMD China Revenue Deal Could Serve As 'Model' For Other Industries

Treasury Secretary Scott Bessent has praised the 15% revenue-sharing agreement between the U.S. government and chip giants Nvidia Corp. (NASDAQ:NVDA) and Advanced Micro Devices Inc. (NASDAQ:AMD).

Benzinga

White House claims China trade deal reached while Beijing hails ‘important first steps’

US announcement comes after treasury secretary touted progress in two days of talks with Chinese vice-premier in Geneva

The Guardian - UK

Trump hails trade deal with ‘oldest ally’ UK – but what about the details?

President’s announcement receives favorable political reaction but experts warn much remains unresolved

The Guardian - US

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Are US-made cars spared from Trump’s auto tariffs?

Trump imposed 25 percent car tariffs in April. Car part tariffs start May 3. Analysts say no car uses all US parts.

Al Jazeera

Autos, Food: What Are The Risks From Trump's Tariff Threat?

Fresh US tariffs on Canada and Mexico could raise costs of automobiles and building materials, analysts said Tuesday, after President-elect Donald Trump threatened to erect new trade barriers.

International Business Times

Tariffs, immigrants and fiscal policy: Trump’s second term as US president

Analysts expect Republican to act on threats of imposing tariffs and blocking immigrants soon in his second term.

Al Jazeera

For Harris and Trump, runaway US debt is the elephant in the room

Both presidential candidates have unveiled costly proposals that would greatly add to the ballooning national debt.

Al Jazeera

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Russia has spent years preparing for international sanctions

SINGAPORE — With no appetite for military confrontation, the U.S. and its allies are relying on sweeping economic sanctions to persuade Russian President Vladimir Putin to pull out of Ukraine.

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