President Donald Trump’s announcement that he’ll place a 90-day pause on tariffs for international locations that haven’t retaliated in opposition to U.S. commerce measures. Markets rose on the information, pushed larger by tech shares.
U.S. President Donald Trump has been on the receiving finish of criticism from Michigan auto and enterprise teams as tariffs on automotive imports stay in impact.
The U.S. and Vietnam have launched commerce negotiations after President Donald Trump paused the implementation of a 46% tariff on Vietnam’s exports, a transfer that would bolster the nation’s rising tech manufacturing sector.
The European Union and China have agreed to discover setting minimal costs for Chinese language-made electrical automobiles as an alternative choice to tariffs imposed final 12 months, a European Fee spokesperson.
The gross sales figures for Q1 2025 for EVs showcase a development in U.S. EV gross sales for a number of producers and paint a powerful image for the home EV sector.
Know-how
European Fee president Ursula von der Leyen has stated the EU is getting ready a slate of retaliatory measures that would embody levies on digital promoting revenues from U.S. tech corporations.
Microsoft Company MSFT has reportedly fired two staff who disrupted the tech big’s Fiftieth-anniversary occasion on Friday after protesting the corporate’s contracts with Israel and accusing its AI CEO of conflict profiteering.
Microsoft has determined to droop its billion-dollar information heart challenge in Licking County, Ohio. This resolution marks the latest in a line of knowledge heart challenge cancellations by the software program behemoth.
Microsoft reportedly considering one other wave of job cuts, primarily focusing on center managers and non-coders.
Meta Platforms, Inc. META introduced new restrictions for teen customers, prohibiting these below 16 from dwell streaming on Instagram with out parental permission, as the corporate expands its Teen Account protections throughout its platforms.
Taiwan Semiconductor Manufacturing Co. Ltd. TSM reported first-quarter income development of 41.6% year-on-year to 839.25 billion New Taiwan {dollars} ($25.5 billion).
Intel Company INTC newly appointed CEO, Lip-Bu Tan, has deep monetary ties to China’s tech sector, together with investments in corporations reportedly linked to the Chinese language navy.
Smartphones
Apple Inc. AAPL is reportedly shifting extra of its iPhone manufacturing to India to mitigate the monetary affect of President Donald Trump’s escalating tariffs on Chinese language items, probably offsetting the projected 30% to 40% worth enhance on its system.
U.S. shoppers are reportedly speeding to Apple shops to buy new iPhones forward of potential worth hikes brought on by President Donald Trump’s newly introduced tariffs on Chinese language imports.
Apple accomplished an pressing logistics operation in late March, transporting 5 planeloads of iPhones and different merchandise from manufacturing facilities in India and China to the U.S. inside 72 hours.
Automotive & Social Media
Tesla, Inc. TSLA has unveiled a brand new trim for its Cybertruck. The brand new trim is RWD (rear-wheel drive) and affords a variety of over 362 miles on a single cost.
Amazon.com, Inc. AMZN CEO Andy Jassy has warned that President Donald Trump’s new tariffs on Chinese language imports might end in larger costs for shoppers, as most of the firm’s third-party sellers are unlikely to soak up the extra prices.
Amazon reportedly pulled again on importing a variety of shopper items from Asia, leaving distributors caught with unsold stock and mounting prices.
TikTok has reportedly laid off a few of its U.S.-based e-commerce governance and expertise crew, simply days after President Donald Trump prolonged the deadline for dad or mum firm ByteDance to divest its U.S. operations.
Synthetic Intelligence
OpenAI is reportedly in discussions to amass the AI {hardware} startup co-founded by Jony Ive and Sam Altman in a deal price roughly $500 million.
OpenAI countersued Elon Musk, accusing him of utilizing harassment techniques to gradual the corporate’s progress and disrupt its plans for development, together with a contentious bid for management.
Mira Murati, the previous chief expertise officer of ChatGPT-parent OpenAI, is reportedly searching for to boost a staggering $2 billion seed spherical for her new AI enterprise, Considering Machines Lab.
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