TRUMP WEIGHS NEW TECH TARIFFS BASED ON CHIP COUNT
Tariff concept and industry reaction The U.S. is considering a tariff regime that would tax foreign electronics according to the number of chips inside each device.
Business, markets, trade and the economy of everyday life.
Tariff concept and industry reaction The U.S. is considering a tariff regime that would tax foreign electronics according to the number of chips inside each device.
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Big-ticket items and start date A 100% tariff on branded pharmaceuticals tops the list, alongside new levies on heavy-duty trucks, kitchen cabinets, bathroom vanities and upholstered furniture.
PCE in focus as dollar stays firm U.S. equity futures were little changed as traders awaited the PCE inflation gauge.
Private equity eyes productivity plays KKR leaders said Japan’s demographics create clear cases for investment in automation, robotics and AI software to boost productivity.
IFR data highlight rapid build-out China installed nearly 300,000 industrial robots last year and now operates more than 2 million, outpacing all other countries combined.
Households cut back as real wages lag A Cabinet Office survey found anxiety over prices and dissatisfaction with household “food situations” near record highs.
Pharma and autos lead region-wide declines Asian shares fell after Washington unveiled another round of tariffs, including 100% duties on branded drugs and higher rates on trucks and furniture.
Impact on commerce and markets Super Typhoon Ragasa shut much of Hong Kong for two days, with analysts estimating economic losses running into the billions.
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