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Alibaba is shelving its plans to spin-off its cloud computing unit as an independent company, Alibaba announced on Thursday as part of its earnings release. The company blamed U.S. tech export ...
(Reuters) -Alibaba Group has scrapped plans to spin-off its cloud business, citing uncertainties created by U.S. export curbs on chips used in artificial intelligence applications. The U.S ...
The US has introduced new export controls on China's semiconductor industry, targeting 140 firms. They aim to curb China's AI and defense-tech growth, partly because of national security concerns.
WASHINGTON (Reuters) -The Biden administration announced on Monday a last-minute trade investigation into older Chinese-made "legacy" semiconductors that could heap more U.S. tariffs on chips from ...
Until recently, the United States applied a customs tariff that was among the lowest in the world: 3% on average. [7] [8] However, with increased tariffs on Chinese goods, as of May 2019, the US has the highest tariff rate among all developed nations with a trade-weighted tariff rate of 4.2%. [9]
The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...
BEIJING (Reuters) -Chinese companies should be wary of buying U.S. chips as they are "no longer safe" and buy locally instead, four of the country's top industry associations said on Tuesday in a ...
Peru's main exports are copper, gold, zinc, textiles, and fish meal; its major trade partners are the United States, China, Brazil, and Chile. [3] For further information on the types of business entities in this country and their abbreviations, see "Business entities in Peru".