logo
Chinese Electronics Makers Shrug, Joke and Wait for Tariff Chaos to Pass

Chinese Electronics Makers Shrug, Joke and Wait for Tariff Chaos to Pass

Bloomberg25-04-2025

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Luz Ding reports on the mood about the economy, tariffs and a potential trade war at a major exhibition for Chinese electronics companies in Hong Kong.
SK Hynix's consternation: Memory maker SK Hynix warned that the US tariffs are increasing uncertainty among semiconductor customers despite strong demand from the biggest tech companies.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

S&P 500 Needs Profit Boom or Fed Cuts to Justify Lofty Levels
S&P 500 Needs Profit Boom or Fed Cuts to Justify Lofty Levels

Bloomberg

timean hour ago

  • Bloomberg

S&P 500 Needs Profit Boom or Fed Cuts to Justify Lofty Levels

Few times in history has the US market grappled with as many headwinds as it's faced in 2025: a new president rejiggering the global order, sweeping tariffs and a bout of uncertainty stemming from conflict in the Middle East. Stocks have still prevailed against all odds and sit just a whisker away from all-time highs. But the higher the S&P 500 Index goes, the louder the concern that its multiples are starting to look frothy. The index is trading at 22 times expected profits in the next 12 months, 35% above its long-term average, data compiled by Bloomberg show. Of the 20 such valuation metrics tracked by Bank of America Corp. strategists, the S&P 500 is screening expensive on each one.

Former MI6 Chief: Iran Problem Not Going Away
Former MI6 Chief: Iran Problem Not Going Away

Bloomberg

timean hour ago

  • Bloomberg

Former MI6 Chief: Iran Problem Not Going Away

"You can't destroy the know-how, we almost certainly haven't destroyed the partially enriched uranium," says John Sawers, former Chief of MI6, Britain's secret intelligence service. Engaging with Iran to reach a political agreement is important for the Trump administration and Europe if they want to prevent the need for strikes "over and over again," he adds. Sawers speaks with Guy Johnson and Kriti Gupta on 'Bloomberg: The Opening Trade'. (Source: Bloomberg)

Rare Earth Minerals Supply Virtually Cut Off By China
Rare Earth Minerals Supply Virtually Cut Off By China

Yahoo

timean hour ago

  • Yahoo

Rare Earth Minerals Supply Virtually Cut Off By China

Read the full story on The Auto Wire It's no wonder automakers are nervous about rare earth minerals these days, because the supply has been severely pinched. Considering the materials are used in many critical parts on modern digitized vehicles, the situation is feeling increasingly like the whole chips shortage during the covid shutdowns a few years ago.A new report from Bloomberg puts some numbers instead of just emotion and general talk in front of us. Because China controls around 90 percent of the rare earth products on the market, it has considerable sway on the market. In April, exports of rare earth minerals from China dropped by about 50 percent, with all foreign nations feeling the pinch. Then in May, China halved the amount it exports again, making it a quarter of the original amount. The last time China exported so little was in February 2020 and before that, all the way back in 2015. One might think this is a five-year thing, but we believe that's just coincidence. But in May, rare earth exports to the US were down by 92 percent versus May 2024. This is why Ford says it has a day-to-day supply of the stuff and has idled factories. If this continues, expect to see the auto industry fall into more of a slumber. Obviously, China is trying to show its power and possibly hurt industry in the US as well as other Western countries. It's self-evident we need to build a rare earth supply chain domestically. Even if China restores the flow to where it was in March, it could yet again pinch it off for any or no reason later. The international dispute over rare earth minerals started back in early April, so it's been over two months of the flow getting pinched to almost nothing. However, in early June, after meeting with President Xi, President Trump declared that the situation with rear earth minerals had been fixed. Image via Ford Join our Newsletter, subscribe to our YouTube page, and follow us on Facebook.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store