The Trump administration is considering changes to a Biden-era rule that would limit global access to AI chips by potentially eliminating tiered restrictions on advanced semiconductor exports. The plan, still under discussion, could allow the US to use its chips as a more powerful negotiating tool in trade talks if implemented. The current regulation, introduced in January, aims to control access to top-tier AI chips and model weights to maintain US dominance in computing power, particularly over China and other countries of concern.
https://www.japantimes.co.jp/business/2025/04/30/tech/trump-biden-ai-chip-export/US President Trump's administration has announced a 90-day pause in tariffs to soften their impact, following financial market turmoil and fears of recession and inflation. The move comes as a Reuters/Ipsos poll shows only 36% of respondents approve of his economic stewardship, the lowest level since his presidency began. The first quarterly GDP report is due out on Wednesday, expected to reflect a large drag from tariffs, which have led to record imports and companies front-loading purchases of foreign goods. Companies such as UPS, General Motors, Kraft Heinz, and Electrolux are warning about the effects of tariffs, with Electrolux CEO Yannick Fierling stating that "every single prediction has been proved to be wrong" regarding tariff forecasts.
https://www.ndtv.com/world-news/donald-trump-eases-auto-tariffs-burden-offers-relief-for-us-carmakers-8291090US President Trump has announced significant tariffs on goods from Mexico and Canada, as well as China, with rates reaching up to 145%. The tariffs are the largest tax hike since 1993 and surpass the Smoot-Hawley Act of 1930, which contributed to the Great Depression. Trump is citing the International Emergency Economic Powers Act (IEEPA) as the basis for these tariffs, despite the law not explicitly addressing tariffs.
https://reason.com/2025/04/30/trumps-tariffs-usurp-the-legislatures-tax-power/South Korea and the US have held amicable trade talks, with the US aiming to finalize a tariff deal by July 8. Donald Trump Jr. has arrived in Seoul for meetings with business leaders amid concerns over tariffs. The US has eased double tariff hit on cars, but Korean automakers remain apprehensive. Trade Minister Bessent stated that the three countries are "much more keen" on striking trade deals with the US, indicating progress in negotiations with other trading partners.
https://koreajoongangdaily.joins.com/news/2025-04-30/business/industry/US-Treasury-Secretary-says-contours-of-KoreaUS-trade-deal-coming-together/2296879US President Trump's executive order includes a rebate of 10% for automakers in their second year, allowing them time to shift production outside the country. The Commerce Department has given domestic and foreign companies with US auto plants this reprieve. Automakers such as Stellantis Chairman John Elkann and General Motors CEO Mary Barra have expressed gratitude towards Trump's tariff relief measures. Ford Motor Company President Jim Farley emphasized his company's commitment to manufacturing domestically, stating that if all major vehicle importers matched Ford's ratio, 4 million more vehicles would be assembled in America each year. Analyst Sam Fiorani warned that the industry needs stability and that tariffs should not expect it to quickly relocate production.
https://www.khou.com/article/news/nation-world/trump-automakers-tariffs-relief/507-45003def-075b-477a-bb93-13e7eb811c9bUS President Donald Trump has expressed optimism about the progress of a potential trade deal between the US and India, stating that "we'll have a deal" despite some challenges. The development comes as both countries aim to strengthen their economic ties and reduce trade tensions.
https://www.livemint.com/news/india/donald-trump-says-us-india-trade-deal-is-coming-along-great-i-think-we-ll-have-a-deal-11745959811106.htmlUS diplomat John Kelley condemned Russian strikes into Ukraine, stating both sides would benefit from working off the US framework. President Trump has reached out to Vladimir Putin and sent ambassador Steve Witkoff to negotiate a peace deal, but his efforts have been described as "fatally mismanaged" by US Senator Jeanne Shaheen. The US has offered concessions to Russia, fracturing the united front with allies, while Ukraine has ordered the evacuation of seven villages in the eastern Dnipropetrovsk region under threat from Russian forces.
https://www.geo.tv/latest/602456-us-warns-to-abandon-ukraine-peace-talks-without-concrete-proposalsLauren Sanchez and Jeff Bezos attended the 2025 Vanity Fair Oscar After Party, while Treasury Secretary Scott Bessent and White House Press Secretary Karoline Leavitt were present at a separate event. The Budget Lab at Yale University estimates that American households may face additional costs of up to $4,400 per year due to high retaliatory tariffs on China. President Trump's new tariffs have affected Chinese-born online shopping websites Temu and Shein, eliminating the trade loophole for packages under $800. This move has led to a decline in Trump's approval rating, dropping nine points from 54% to 45%, as voters express concern over rising prices and economic issues.
https://www.dailymail.co.uk/news/article-14661505/trump-jeff-bezos-war-amazon-tarrifs.htmlPakistan and the UAE have strengthened their relations following recent high-level visits by Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and Deputy Prime Minister Sheikh Abdullah bin Zayed Al Nahyan, who praised the UAE's continued support for Pakistanis. The Additional Foreign Secretary emphasized people-to-people exchanges and consular dialogue, while both sides reaffirmed their commitment to regular meetings of the Joint Coordination Committee (JCC) to enhance cooperation and ensure the welfare of Pakistani nationals in the UAE.
https://www.brecorder.com/news/40360250/pakistan-uae-jcc-session-held-welfare-of-pakistani-nationals-in-uae-discussed