The world's two largest economies - the United States and China - remain in a full-blown trade war, and the status of U.S. talks with the European Union, Canada and other countries is unclear. AI chip giant Nvidia said its sales to China would cost it $5.5 billion in accounting charges due to the administration's curbs on AI chip exports, while ASML, the world's biggest supplier of computer chip-making equipment, said tariffs have made the outlook for both 2025 and 2026 uncertain. "We need to have somewhat of a break on the tariffs for a period of time so that we can organize ourselves to localize ...and bring the supplier base in the US," Nissan Americas chairman Christian Meunier told Reuters, adding that the process takes years.
Author: Reuters
Published at: 2025-04-16 22:23:17
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