[ad_1] The Department didn’t directly comment on SMIC, but told Reuters it was “constantly monitoring and assessing” possible threats to US security and foreign policy. SMIC, meanwhile, appeared to have been caught by surprise. A spokesperson said the chip giant hadn’t received any official word of restrictions and reiterated denials of any military link. The […]
Category: trade war
US considers blocking deals with China’s largest chip maker
[ad_1] SMIC rejected the alleged defense connection in a statement. It insisted that it offers chips and services “solely” for civilian uses, and that it had “no relationship with the Chinese military.” SOS has defended the report and argued that SMIC was “deeply embedded” in military projects. The military links haven’t been firmly established, and […]
Sonos hikes prices on the Amp and Port as it moves production out of China
[ad_1] In a statement provided to Engadget, a Sonos spokesperson said: Sonos has been on a journey to diversify its supply chain and expand production into new countries in a manner that is sustainable and supports long term growth. Supporting this effort and investment has resulted in upcoming changes in pricing. Beginning January 9, 2020, […]
Commerce Department extends Huawei license for another 90 days
[ad_1] “The Temporary General License extension will allow carriers to continue to service customers in some of the most remote areas of the United States who would otherwise be left in the dark,” explains Secretary of Commerce Wilbur Ross in a press release. This is the third extension granted by the administration. Along with national […]
China gives Tesla a pass on trade-war tariffs
[ad_1] Earlier this month, China said it would reinstate some car tariffs it paused in April, including a 25 percent levy on vehicles from the US and a five percent tariff on auto parts. They’re set to come into force December 15th as part of a wave of tariffs China announced in response to the […]
Tesla will reportedly raise prices in China again this week
[ad_1] Last week, China announced a raft of new levies on $75 billion of imported American goods. Among them was a plan to revive a 25 percent tariff on US cars that was suspended last December, along with an extra 10 percent levy on certain cars and five percent on auto parts. Those would bump […]
China’s latest retaliatory tariffs could pose trouble for Tesla
[ad_1] While Tesla does have a factory in Shanghai, it’s not expected to start producing cars until later in 2019. Until it ramps up in earnest, the company will have to import EVs. BMW and Mercedes, meanwhile, ship many SUVs to China from American plants. The new round of tariffs also slaps 5 percent more […]
US gives Huawei another 90 days to serve existing customers
[ad_1] US Commerce Secretary Wilbur Ross announced the extension, today, but it was rumored over the weekend. It’s the second reprieve the US has granted Huawei since blacklisting the company. Ross said the decision was made to minimize disruptions to US customers, many of which are in rural areas. “We’re giving them a little more […]
Trump announces more tariffs on goods made in China
[ad_1] …buy agricultural product from the U.S. in large quantities, but did not do so. Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States – this never happened, and many Americans continue to die! Trade talks are continuing, and… — Donald J. Trump (@realDonaldTrump) August 1, […]
Apple will reportedly manufacture its $6,000 Mac Pro in China
[ad_1] According to Wall Street Journal sources, Apple will work with Quanta Computer Inc., out of a factory near Shanghai. That facility is close to other Apple suppliers, which could help the company lower its shipping costs, and manufacturing labor costs in China are still much lower than those in the US. Apple has a […]