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GM, Hyundai join forces to battle rising Chinese rivals
STORY: General Motors and Hyundai are joining forces to battle mounting competition from Chinese rivals. The pair said Wednesday (August 6) that they would develop five vehicles together. Four will be targeted at markets in Central and South America, where Chinese brands have been gaining ground. The other one will be an electric van for the North American market. For GM, the deal offers access to hybrid technology that it has lacked. For South Korean Hyundai, it's a first-ever partnership on vehicle development and offers a way into new markets, including American vans. The two companies didn't say where the models will be made. Hyundai already has a factory in Alabama and has promised to ramp up output at another plant in Georgia. It also has a factory in Brazil that could be used. The tie-up comes as Chinese brands release a slew of low-priced, high-tech models, pressuring legacy names like GM to cut costs in return. Donald Trump's sweeping global tariffs have also added billions in costs, increasing pressure to take action. South Korea last week agreed to a 15% levy on its exports to the U.S. as part of a deal with Washington.
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China's July exports top forecasts amid rush to meet Trump tariff deadline
BEIJING (Reuters) -China's exports beat forecasts in July, as manufacturers made the most of a fragile tariff truce between Beijing and Washington to ship goods ahead of a looming deadline later this month. Outbound shipments from the world's second-largest economy rose 7.2% year-on-year in July, customs data showed on Thursday, beating a forecast 5.4% increase in a Reuters poll and June's 4.8% growth. Imports grew 4.1%, following a 1.1% rise in June. Economists had predicted a 1.0% fall. China is facing an August 12 deadline to reach a durable tariff agreement with the U.S. administration, after Beijing and Washington reached framework agreements in May and June to reduce non-tariff barriers such as rare earth minerals and technology to avoid further escalating their trade war. Without a deal, global supply chains could face renewed turmoil from U.S. duties snapping back to triple-digit levels that would amount to a bilateral trade embargo. Trump said on Tuesday the U.S. was close to a trade deal with China and that he would meet his Chinese counterpart Xi Jinping before the end of the year if the world's two largest economies could come to an agreement. China's July trade surplus narrowed to $98.24 billion from $114.77 billion in June. Separate data from the U.S. Commerce Department's Bureau of Economic Analysis on Tuesday showed the U.S. trade gap with China shrank to its lowest in more than 21 years in June. Chinese government advisers are stepping up calls to make the household sector's contribution to broader economic growth a top priority at Beijing's upcoming five-year policy plan, as trade tensions and deflation threaten the outlook. And top leaders have vowed to step up regulation of aggressive price-cutting by Chinese companies that is pushing prices ever lower. But economists warn that reversing the current deflationary slump will be far more difficult than during the last round of supply-side reforms a decade ago, as the downturn now poses a broader threat to employment, which Chinese leaders have emphasised is a core component of social stability. Reaching an agreement with the United States — and with the European Union, which has accused China of producing and selling goods too cheaply — would give Chinese officials more room to advance their reform agenda. However, analysts expect little relief from Western trade pressures. Export growth is projected to slow sharply in the second half of the year, hurt by persistently high tariffs, President Trump's renewed crackdown on the rerouting of Chinese shipments and deteriorating relations with the EU.
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Why nuclear is the center of the stock market's energy trade in 2025
Nuclear energy stocks have been on a tear in 2025. Shares in the space are far outpacing peers in the broader energy sector. AI and support from the Trump White House are big tailwinds for nuclear. Nuclear energy stocks got a big boost this week after US Transportation Secretary and interim NASA administrator Sean Duffy announced plans to expedite a nuclear reactor on the moon. The comments sent stocks such as Oklo, Nucor and Nano Nuclear Energy jumping, with the gains extending into Wednesday's session. But it's more than seemingly one-off comments that's boosting nuclear stocks this year, and the alternative power source has become the hottest energy trade out there in 2025. Nuclear power has come sharply into focus in recent years, with advocates including Tesla CEO Elon Musk and, more recently, the Trump White House. A quick look at the energy sector reveals that nuclear energy is outpacing its peers. The VanEck Uranium and Nuclear ETF (NLR) is up almost 50% year-to-date, compared to the Utilities Select Sector SPDR ETF (XLU), which is up 13%, and the Energy Select Sector SPDR ETF (XLE), which is down about 1% this year. Nuclear energy is riding the AI wave It's hard to examine the growth of nuclear energy stocks in 2025 without talking about the role of nuclear in the AI boom. AI demand has continued to skyrocket as companies have doubled down on capex plans in the space. Dizzying demand for data centers has created an equally enormous need for power. Goldman Sachs predicts that data center power demand will increase 165% by 2030. That's sparked a search for alternative power sources to support the continued growth of data centers and AI. "It was easy and fast to reactivate nuclear reactors to meet the growing demand for clean energy from data centers," said Alexander Lis, chief investment officer at Social Discovery Ventures. "Other energy sources were either less clean, like coal, or longer to build, like wind or solar." Lis added that his firm considers this demand to be sustainable, as "many big tech companies have already announced their plans to use nuclear energy for their data centers." Last September, Constellation Energy said it would reopen Three Mile Island, with Microsoft set to purchase the power power generated by the site. Eric Schiffer, chairman and CEO of The Patriarch Organization and a nuclear energy investor, echoed this sentiment, highlighting the role that it may play in helping the US achieve AI dominance. "China [is] far more equipped right now from an energy platform perspective," he stated. "Nuclear is a critical piece to ensure we're staying at pace. You can't lose this race over an energy constraint." An under-the-radar Trump trade Schiffer and others believe that Trump's focus on AI will benefit nuclear energy stocks in the near term. "The Trump administration's policy priorities to support AI advancement and the unleashing of American innovation has been centered around a deregulation focus and a markets-driven all-of-the-above energy strategy," said Jeff Le, managing principal at consulting firm 100 Mile Strategies. "It includes an audacious goal of quadrupling US nuclear energy capacity to 500 gigawatts by 2050." Le added that Trump's recent executive orders put "nuclear reactor licensing, fuel reprocessing, and domestic production, at the top of its 'Energy Dominance' agenda." The cumulative effect of already soaring demand for power from AI and Trump's turn away from renewables in the search for alternative power sources means nuclear has been a big winner this year. Importantly for investors, Schiffer thinks this bullish period will continue for another 18 months or so. Read the original article on Business Insider 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
