
Goldman Says Commodities Flash US Tariff Risk as Trump Gears Up
Differences in regional pricing for commodities including crude, copper and aluminum signal an 85% probability of a 10% tariff being applied, analysts including Samantha Dart and Daan Struyven said in a note. Lower probabilities were linked with higher eventual tariffs, they added.

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Trump administration recommends location verification for AI chips
By Stephen Nellis SAN FRANCISCO (Reuters) -U.S. President Donald Trump's administration on Wednesday recommended implementing export controls that would verify the location of advanced artificial intelligence chips, a move that was applauded by U.S. lawmakers from both parties in both houses of Congress. The recommendation was part of a broader AI blueprint released on Wednesday that aimed to boost exports of AI hardware and software to U.S. allies and relax U.S. environmental rules to speed the construction of new AI data centers. But the plan released Wednesday also said the U.S. should continue denying access to advanced U.S. AI chips made by companies like Nvidia and AMD to foreign adversaries. It added the U.S. government should "explore leveraging new and existing location verification features on advanced AI compute to ensure that the chips are not in countries of concern." The recommendation drew support from two lawmakers who previously introduced bills that would require location verification of chips after sale over concerns that they are finding their way to countries such as China, where their export is banned. Key details - such as how the technology would be implemented and how much cost it would add - remain to be worked out, both in the proposed bills and the Trump administration's recommendations. "I was encouraged to see that the recommended export control policy includes location verification mechanisms and aligns closely with our bipartisan Chip Security Act. I look forward to learning more of the technical details and next steps for end-use verification," Representative Bill Foster, an Illinois Democrat who helped introduce a chip-location bill in May, told Reuters. "Senator Cotton was pleased to see verification included in President Trump's AI Action Plan, as it's a vital part of his bipartisan, bicameral Chip Security Act and an important tool to keep advanced American technology out of the hands of Communist China," said Patrick McCann, a spokesperson for Senator Tom Cotton, an Arkansas Republican who introduced a similar bill in the U.S. Senate.
Yahoo
an hour ago
- Yahoo
Markets reel as U.S., EU reaches tariff deal
Markets reel as U.S., EU reaches tariff deal originally appeared on TheStreet. Crypto markets pulled back on Wednesday as the U.S. and European Union inched closer to a deal that would impose a flat 15% tariff on European exports — part of President Donald Trump's latest push to renegotiate trade terms with key allies. Citing people familiar with the matter, the Financial Times reported that Brussels is prepared to accept the so-called reciprocal tariffs to avoid Trump's threatened 30% duties set to kick in on August 1. The compromise would effectively lock in the elevated levies EU exporters have faced since April, when the U.S. imposed a 10% hike on top of existing tariffs averaging 4.8%.Bitcoin (BTC) fell nearly 1.7% in the last 24 hours, trading just above $120,300 at the time of publishing. Ether (ETH) lost 1.4%, while Solana (SOL) dropped 2.1% The agreement — still being finalized — would reportedly lower tariffs on automobiles from 27.5% to 15% and waive duties on select goods such as aircraft, spirits, and medical devices. However, the EU is also keeping a €93 billion retaliatory tariff package on standby in case talks break down before the August deadline. A U.S. official told the FT the situation remains 'fluid and subject to change.' The trade tension adds to a jittery global market backdrop already contending with central bank policy shifts and slowing growth in China. With Trump's administration also announcing a similar 15% tariff pact with Japan last week, investors are watching to see whether this marks a broader reshaping of global trade norms — or simply the calm before another trade war storm. Markets reel as U.S., EU reaches tariff deal first appeared on TheStreet on Jul 23, 2025 This story was originally reported by TheStreet on Jul 23, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Trump administration recommends location verification for AI chips
By Stephen Nellis SAN FRANCISCO (Reuters) -U.S. President Donald Trump's administration on Wednesday recommended implementing export controls that would verify the location of advanced artificial intelligence chips, a move that was applauded by U.S. lawmakers from both parties in both houses of Congress. The recommendation was part of a broader AI blueprint released on Wednesday that aimed to boost exports of AI hardware and software to U.S. allies and relax U.S. environmental rules to speed the construction of new AI data centers. But the plan released Wednesday also said the U.S. should continue denying access to advanced U.S. AI chips made by companies like Nvidia and AMD to foreign adversaries. It added the U.S. government should "explore leveraging new and existing location verification features on advanced AI compute to ensure that the chips are not in countries of concern." The recommendation drew support from two lawmakers who previously introduced bills that would require location verification of chips after sale over concerns that they are finding their way to countries such as China, where their export is banned. Key details - such as how the technology would be implemented and how much cost it would add - remain to be worked out, both in the proposed bills and the Trump administration's recommendations. "I was encouraged to see that the recommended export control policy includes location verification mechanisms and aligns closely with our bipartisan Chip Security Act. I look forward to learning more of the technical details and next steps for end-use verification," Representative Bill Foster, an Illinois Democrat who helped introduce a chip-location bill in May, told Reuters. "Senator Cotton was pleased to see verification included in President Trump's AI Action Plan, as it's a vital part of his bipartisan, bicameral Chip Security Act and an important tool to keep advanced American technology out of the hands of Communist China," said Patrick McCann, a spokesperson for Senator Tom Cotton, an Arkansas Republican who introduced a similar bill in the U.S. Senate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data