Topic: trade war
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Chip Tariffs Loom: Tech Firms Scramble to Adapt
Ongoing trade tensions and new tariffs on semiconductors are creating uncertainty and increasing production costs for tech companies, who are actively seeking strategies to navigate these challenges. A live discussion featuring industry experts will address how businesses are responding to tariff...
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GM Cuts 1,700 EV and Battery Jobs in Michigan and Tennessee
General Motors is laying off 1,700 employees at its Michigan and Tennessee EV and battery plants, reflecting a strategic shift in production despite a recent surge in EV sales. The company's 104% EV sales increase was largely driven by consumers rushing to claim a federal tax credit before it exp...
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Microsoft (MSFT) Stock Rises on Xbox Price Hike News
Microsoft's stock rose amid speculation of a potential Xbox console price increase, driven by supply chain pressures and component shortages affecting the tech industry. A report suggests Microsoft may raise Xbox prices and reduce production due to supply constraints, while rival Sony has secured...
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EV Tax Credit Ends: What's Next for Electric Cars?
The federal electric vehicle tax credit has expired, removing a key $7,500 incentive for buyers and creating uncertainty for automakers who invested heavily in EV production. US car companies now face the challenge of selling more expensive electric vehicles without the rebate, as price sensitivi...
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TikTok Deal: What's the Latest Update?
Recent high-level discussions between American and Chinese leaders suggest progress toward resolving TikTok's future in the U.S., including a potential sale by ByteDance to a U.S.-based consortium. The proposed deal involves ByteDance retaining a minority stake under 20% and developing a U.S.-con...
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Why Tariff Stacking Is a Nightmare: A CTA Expert Explains
International tariffs and unpredictable trade policies create significant uncertainty for tech companies, with tariff stacking disrupting supply chains and threatening consumer price increases. The volatility of constantly changing tariffs makes long-term planning nearly impossible, especially du...
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