The US-China AI competition escalates with potential US sanctions over Chinese AI model "theft" and OpenAI's IPO efforts. The Trump administration plans new tariffs, while the Middle East conflict sees US strikes in Iran and a 10-day ceasefire proposal. Boeing and Airbus plan next-gen narrow-body jets, but airlines prioritize current deliveries.
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...
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...
