Good morning! From today, the United States will definitely introduce the previously announced import duties for products from Canada and Mexico (25 percent) and China (20 percent). The US President Donald Trump said on Monday that there was ‘no room’ for further negotiations To avert the rates.
The American scholarships responded very negatively In the step of Trump. The S&P 500 fell by 1.8 percent, the biggest decrease in one day this year. TechIndex Nasdaq handed in no less than 2.6 percent.
What do the taxes mean for both neighboring countries? The impact of the new rates is feared in particular in the Mexican agricultural sector and the car industry. And Canada can prepare for a recession, colleagues Frank Kuin and Boris van der Spek find this morning in NRC.
What did we notice further?
- Taiwanese TSMC, the largest chip manufacturer in the world, has announced Another $ 100 billion Investing in new chip factories in the United States. CC Wei and US President Donald Trump announced this on Monday. TSMC previously announced billions of investments for chip factories in Arizona.
- The American AI company Antrophic (known from Chatbot ‘Claude’) has an investment round of 3.5 billion dollars fetched. The company from San Francisco, which has only been around for four years, is therefore appreciated at around $ 60 billion.
- Music news: the Vinyl turnover fell for the first time in years, While sales from streaming services rose further. The total market for music continues to grow.
Yesterday’s blog can be read here.