OpenAI reported that Chinese propagandists attempted to use its ChatGPT chatbot to generate opposition to Donald Trump's tariffs and influence debates on data centers and AI. The campaign, active in late 2025 and early 2026, had minimal impact but highlights AI's role in digital influence.
The US is proposing new tariffs on 60 economies for allegedly failing to prohibit imports made with forced labor. Tariffs of 10% or 12.5% could be imposed, impacting countries like China, India, and EU nations, potentially disrupting ongoing trade negotiations.
US businesses are receiving refunds for tariffs imposed by President Trump after a Supreme Court ruling, but the process faces potential disruption as the government appeals the decision. The appeal challenges the ruling's broad application to all importers, not just those who sued.
U.S. Secretary of State Marco Rubio is in India to address strained bilateral ties, exacerbated by Trump's tariffs and a "trust deficit." Talks with counterpart Subrahmanyam Jaishankar aim to stabilize relations ahead of a Quad meeting.
German exports to the US fell by 12.1% in Q1, with the trade surplus shrinking by 30.5% due to higher US tariffs, particularly on European cars. Imports from the US increased slightly.
Gamers have filed a class action lawsuit against Sony in California, alleging the company profited unfairly from PS5 price increases implemented during the Trump administration's tariffs in 2025. The suit claims Sony passed on increased costs to consumers while also receiving refunds, creating a 'double recovery windfall.'
Carmaker gives one of largest warnings yet of conflict’s impact on businesses while Trump tariffs also take tollToyota has reported a £3bn hit from costs from the war in Iran, as prices of parts and materials soared and sales dropped.The world’s biggest carmaker said profits declined in its financial year to March as it was “likely unable to absorb newly added impact from the Middle East”, in one of the largest warnings yet of the war’s impact on businesses. Continue reading...
The Court of International Trade has struck down a second round of global tariffs ordered by President Trump, after his earlier import taxes were outlawed by the U.S. Supreme Court. The decision is a victory for importers and a setback for the administration.
The Court of International Trade has struck down a second round of global tariffs ordered by President Trump, after his earlier import taxes were outlawed by the U.S. Supreme Court. The decision is a victory for importers and a setback for the administration.
UK goods exports to the US fell 24.7% (£1.5 billion) following President Trump's liberation day tariffs, with car exports also remaining below pre-tariff levels. The UK has recorded a trade deficit with its largest trading partner for three consecutive months since the tariffs were introduced, despite securing a 10% blanket tariff deal last year. While Trump recently announced removal of Scotch whisky tariffs in honor of King Charles III's state visit, experts say this will not be enough to reverse the overall deficit.
Trump administration launches online portal on Monday after supreme court struck down tariff policy earlier this yearSign up for the Breaking News US emailHere is a first look at the portal set up to process refunds for businesses who paid billions in Trump tariffs. This is part of the newly created Consolidated Administration and Processing of Entries (CAPE) tool, in order to streamline the refund process.US Customs and Border Protection (CBP) estimates that businesses are owed about $166bn in tariff refunds, after the supreme court invalidated Donald Trump’s levies under the Internation Emergency Economic Powers Act (IEEPA). Continue reading...
Crypto majors are red following Trump’s tariff turmoil; BTC -2% at $91,100; ETH -4% at $3,105, SOL -3% at $129; XRP -2% to $1.93. CC (+12%), MYX (+5%) and SYRUP (+4%) led top movers. The NYSE began preparations for 24/7 tokenized stock and ETF trading. Steak ’n Shake revealed roughly $10M in Bitcoin exposure alongside the creation of a corporate BTC strategic reserve. Vitalik Buterin called for more sophisticated DAO governance models to improve accountability, coordination, and long-term sustainability. Bermuda outlined plans for a fully onchain national economy, working with Coinbase and Circle on payments, identity, and tokenized financial infrastructure. In Corporate Treasuries / ETFs. The BTC ETFs saw $394M in net outflows on Friday breaking a 4-day inflow streak; ETH ETFs stayed green with $4.7M in inflows. In Memes / Onchain Movers. Meme majors were red along with majors; Doge -1%, Shiba -1%, PEPE -2%, TRUMP -1%, Bonk -1%, Pengu -4%, SPX -12%, WIF -1% and Fartcoin -8%. USOR (+70%), GSD (+50%), and Eliza Town (+800%) led onchain movers.
Crypto majors are mostly flat ahead of today’s supreme court opinion on the trump tariffs; btc +1% at $90,300; eth 13% at $3,090, sol +3% at $138; xrp +1% to $2.10. Polygon (+11%), zec (+11%) and syrup (+7%) led top movers. Jpmorgan said the recent bitcoin and ethereum sell-off may be bottoming, pointing to improving positioning and easing downside pressure after early-year weakness. Bank of america analysts upgraded coinbase to buy, citing improved regulatory clarity, growing institutional adoption, and stronger long-term earnings visibility. Morgan stanley is planning to launch a digital wallet later this year that could support tokenized assets, including private company equity. Florida lawmakers renewed their push for a state-level bitcoin reserve. Ethereum’s validator exit queue fully cleared, easing delays that had impacted liquid staking protocols and validator withdrawals. Polygon labs unveiled the open money stack, an initiative designed to streamline stablecoin payments. Polygon is reportedly close to acquiring coinme, a major bitcoin atm operator. Trump said that he won’t pardon ftx founder sam bankman-fried.
