A temporary freeze on the majority of the most punitive tariffs and an exemption from most of the fees on electronics coming in from China has provided some relief, but Trump has made it clear the reprieve may be short-lived. Besides the upheaval triggered by Trump's tariffs, his administration is also in the midst of trying to prove regulators' allegations that Meta has been running an illegal monopoly in social networking, and working to persuade a federal judge to break up Google after its search engine last year was found to be illegally abusing its power. And Nvidia absorbed a significant setback last week when the Trump administration banned it from selling one of its popular AI chips to China, prompting the company to record a $5.5 billion charge to account for the stockpile of processors that it intended to export to that country.
Published at: 2025-04-21 21:50:39
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