# trade policy
Latest news and articles about trade policy
Total: 3 articles found
Trump Raises Tariffs on South Korean Imports as U.S. Markets Digest Tech Wins and Intel Weakness
President Trump announced an increase in U.S. tariffs on South Korean autos, timber and pharmaceuticals from 15% to 25%, blaming Seoul for not ratifying a bilateral trade deal. U.S. markets closed higher as investors focused on upcoming tech earnings and Microsoft’s launch of a new AI chip, while Intel slumped on weak guidance.
Trump Slaps 25% Tariffs on South Korea as Markets Rally and Microsoft Unveils New AI Chip
President Trump announced a unilateral increase in tariffs on South Korean cars, lumber and pharmaceuticals from 15% to 25%, citing Seoul’s failure to ratify a bilateral trade deal, while U.S. markets rose as investors focused on tech earnings and Microsoft’s unveiling of its Maia 200 AI chip. The tariff move risks straining a strategic alliance and creating supply‑chain uncertainty even as competition among cloud providers intensifies over in‑house AI hardware.
Global Risk-Off Sends Stocks Tumbling as Nvidia Loses Nearly $200bn; China Readies a Domestic-Demand Push
Global markets turned risk-off on renewed US tariff rhetoric, sending US indices sharply lower and erasing roughly $196 billion from Nvidia’s market value. Beijing signalled a policy pivot toward expanding domestic demand — including a 2026–2030 strategy and extended tax breaks for services — as geopolitical and market volatility complicate external growth prospects.