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The Latest Breaking News from Peter Harrell

Trump's Dubious New Section 301 Tariffs

They appear to be yet another illegal power grab, one that should be challenged in court.

Reason

OpenAI sweeps in to snag Pentagon contract after Anthropic labeled 'supply chain risk' in unprecedented move

Anthropic said it would challenge the Pentagon's decision, which outside experts said may be illegal. But the damage to its business may already be done.

Fortune

How America fell behind in the rare-earth race—and how it hopes to come back

After decades of inaction, the U.S. is racing to reclaim its rare-earths supply chain from China’s grip before the next trade war begins.

Fortune

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Nvidia, AMD to pay 15% of China chip sales to US government

Trade experts express concern about reported deal linking exports controls to monetary payments.

Al Jazeera

U.S. investments in foreign chip firms a potential concern, White House says

U.S. investment in foreign chip companies is a potential concern for the Biden administration, a White House official said on Wednesday, but he stressed it has not yet made a final decision on a potential mechanism regulating U.S. investments in China.

Reuters

Russian Industry Targeted, Not Consumers, If Biden Export Curbs Imposed

The Biden administration plans to spare everyday Russians from the brunt of US export controls if Russia invades Ukraine, and focus on targeting industrial sectors, a White House official said. "Key people" will also face "massive sanctions" a top Commerce official said in a separate speech on Friday. The comments…

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