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A robotic horse? Motorcycle company continue to turn heads over concept

A robotic horse? Motorcycle company continue to turn heads over concept

USA Today24-06-2025
If self-driving cars feel otherworldly, a leading motorcycle manufacturer is looking to up the game with a futuristic, off-roading mobility vehicle that resembles a mechanical horse.
Corleo, a concept introduced by Kawasaki Heavy Industries, is a four-legged, all-terrain vehicle. Functioning similar to a motorcycle, Corleo is controlled by a rider's weight shifts. It features slip-resistant rubber hooves, a hydrogen-powered engine, and a digital navigation system.
Known for its motorcycles, Kawasaki debuted Corleo in April, during the Japan World Expo 2025 in Osaka, Japan. The robot has been brought back to the forefront thanks to this recent June 19 post by @japan, an official account. managed by the Government of Japan , and this June 21 article in Forbes.
A CGI YouTube video of the vehicle, racing through forests, scaling cliffs and jumping over rock formations, had more than 1.2 million videos, as of June 24.
"Forget horses. Forget wheels. This thing walks like a beast," TikTok creator Tech Lab said in a video. "Rocks, stairs, whatever. It doesn't care. Not sci-fi, not a dream. It's Kawasaki and it's real."
Intrigued to learn more? Here's what to know about Kawasaki's Corleo concept.
2025 Scooter Cannonball: Who's crazy enough to enter the Scooter Cannonball? These riders may surprise you
How does Corleo work?
Per a Kawasaki news release, here's a better look at what makes up Corleo:
When will Corleo be released?
In a news release, Kawasaki states that the Corleo concept could be released in 2050.
How much will Corleo cost?
Kawasaki has not indicated how much Corleo would cost upon availability.
Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@usatoday.com.
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Hiring In The Age Of AI: The Battle Against Cheaters
Hiring In The Age Of AI: The Battle Against Cheaters

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Hiring In The Age Of AI: The Battle Against Cheaters

Tokumasa Yamashita, Co-founder and COO/CTO of Qlay Technologies. Remote work and hiring has become more common than ever since the Covid-19 pandemic. From resume screening to technical interviews and live coding tests, the majority of the screening process in modern recruitment happens online. Now, with the rapid development of generative AI tools over the past couple of years, a new problem has emerged: Job seekers are increasingly utilizing AI to hack the recruitment process. From AI-enhanced and AI-generated resumes to code generation and answering technical questions in real time during online interviews—and in some cases, voice or video manipulation during interviews—candidates now possess powerful tools to misrepresent their true skills. Cheating undermines the integrity of the hiring process and can lead to costly mis-hires, wasted engineering time, and long-term team performance degradation. What used to be a trusted set of filters is now being gamed by increasingly sophisticated means that traditional screening can no longer detect. As these trends accelerate, companies are forced to rethink the way they evaluate talent, and this leads to the creation of new business opportunities. How Cheating With AI Happens In Tech Hiring AI is no longer just a productivity tool; it is becoming a cheat code for job seekers looking to game the hiring process. As technical screening and interviews happen online, candidates are finding new ways to exploit weaknesses in traditional systems. Here are some of the common ways in which they do so: Generative AI tools enable candidates to easily craft resumes that are tailored to the requirements of specific job postings. With just a few prompts, candidates can inflate their skills or fabricate work experiences that do not reflect their true capabilities. As interviewers now face more pressure to carefully assess the validity of what is represented in the candidates' resumes, the interview step in the recruiting process has become more critical than ever. Candidates utilize tools like ChatGPT and Claude to answer technical questions and produce code in real time during interviews or for take-home assignments. These tools are able to rapidly generate intelligent answers and working solutions based on the question at hand, making the candidate seem much more competent than they truly are. Some companies have discovered that the person who sat for a technical interview was not the actual applicant. Regardless of whether the person was a friend, a freelancer or a paid surrogate, this kind of falsity completely undermines the recruiting process. Furthermore, without strong authentication, it typically passes through. On top of that, AI-powered visual manipulation tools enable candidates to do this without having to find someone with a similar appearance. In a recent widely shared LinkedIn post, an interviewer caught a candidate utilizing an AI tool to alter his on-camera look during a live interview—in effect, producing a digitally constructed face. Another use case is when candidates use an AI-powered visual manipulation tool to make it seem like they are looking straight at the camera even though they are staring at a second device on the side that they are using to generate answers to technical questions or coding challenges. Cheating With AI Is Becoming An Even Bigger Problem Technical interviewers are not only evaluating candidates but are also battling a growing industry of tools designed to fake things better than ever before. Most troubling, perhaps, is that this behavior is no longer in isolation. Startups like Cluely, which recently raised a $15 million Series A round led by Andreessen Horowitz, are actively building platforms that allow candidates to easily cheat during interviews and coding tests at scale. Its products vary from stealth browser overlays to real-time answer streaming and automation to replicate legitimate responses, all while being undetectable. Cheating with AI is beyond just being a problem; it is an ecosystem. It is spreading rapidly, and most companies are unprepared to handle it. Remote hiring was meant to make recruitment more scalable and quicker. Instead, it has opened up a whole array of blind spots that AI-driven cheating tools are now taking advantage of. Emerging Business Opportunities AI-powered cheating has altered the recruitment scene, and organizations can no longer rely on traditional screening processes to identify the best talent. Static take-home tests, resume screening and generic technical questions can no longer represent a candidate's true capability in the current age. To remain competitive, hiring teams need to revamp their processes to seek authenticity and minimize AI manipulation. One major shift is the move toward AI-powered technical interviews and live coding tests, paired with proctoring functionalities such as multi-camera arrangement, screen monitoring, eye-gaze tracking and speech cadence analysis to detect abnormal behavior. These tools are meant to ensure that the candidates are not leveraging external AI tools or hidden prompts during the session. Many companies are also incorporating code plagiarism detection software that puts submissions through huge databases of current solutions, flagging copied or AI-generated code. To reduce risk even more, some teams have replaced take-home assignments with collaborative, timed exercises where candidates explain their thinking out loud as they work through them. This makes it far harder to utilize prewritten solutions or receive assistance from third parties. To prevent impersonation and more advanced forms of deception, companies are introducing identity safeguards at multiple stages of the interview process. These involve screen and camera recording, photo ID verification, multi-camera configurations and facial consistency analysis. These verification layers are catching instances where applicants utilize avatars, visual manipulation or even completely different individuals to take interviews. AI tools that help candidates cheat their way through the hiring process represent an emerging trend, while at the other end of the spectrum—i.e., companies that are building tools to counter these cheating tools—is a business opportunity that has emerged as a result of those cheating tools. Similar to viruses and the anti-virus software industry, this is sure to be an ongoing battle that won't end any time soon. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?

When Code Performs: Arts Nonprofits Face A New Test
When Code Performs: Arts Nonprofits Face A New Test

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When Code Performs: Arts Nonprofits Face A New Test

Larry Bomback is the founder of Strategic Nonprofit Finance. It was only recently that we laughed as AI-generated images gave us people with six-fingered hands. But now we watch digital actors question their own existence. Prompt theory, the viral trend that creates these AI reflections, is much more than online theater. It signals that machines can produce work so convincing that audiences confuse code with craft. I tested the idea at home. My mother, 79, stared at a prompt theory compilation on YouTube and asked, "What do you mean these aren't real people?" My daughter, 13, rolled her eyes and said, "Dad, you're four months late." For nonprofits, especially those rooted in human experience, this advance brings new pressure. If software can imitate the traits we call human, what happens to missions built on empathy, live connection and unique voice? And no industry feels the pressure more than arts and culture. Music, film, design and writing now roll out of prompt engines at near‑zero financial cost. I think it is perhaps the most frightening time in human history to be a creative. Six Risk Lines To Watch 1. Funding Drift: Grant panels chase novelty. AI creations look fresh, so dollars may move to tech pilots and away from live craft. 2. Workforce Erosion: The sector depends on part‑time artists. If AI replaces even 1 in 5 contracts, many will leave the field, draining skills that machines cannot hold, like improvisation or cultural context. 3. Intellectual Property Fog: Current laws have yet to catch up with the complexities of hybrid creative works. If a composer feeds their archive into a model that then writes a score, who owns it? 4. Authenticity Crisis: Audiences pay for a sense of real presence. Deepfake actors blur that line. If patrons feel deceived, they may pull back on both ticket purchases and charitable support. 5. Volunteer And Donor Fatigue: Many supporters give because they know musicians, dancers or playwrights by name. When art shifts to screens, personal ties can weaken and renewal rates slip. 6. Ethical Reputation Risk: In 2016, ING, Microsoft and TU Delft printed The Next Rembrandt, a data-driven canvas that looked like a lost work. They disclosed the method, yet the debate still rages over authorship and value. Human‑Centered Responses AI is not a fad. Telling artists to ignore it is like asking them to press CDs instead of livestream. A 2024 Society of Authors survey already shows that a quarter of illustrators and more than a third of translators have lost assignments to generative tools. Moreover, visual artists' median earnings in the U.K. have dropped 40% since 2010, with researchers calling AI "the straw that broke the camel's back." Unless we truly are living in the infinite prompt loop simulation that Elon Musk mused about back in 2016, we do still get to choose our response. For nonprofit arts groups, I think the answer is avoid morphing into tech companies, doubling down on what only people can do: Bring other people together to create shared, in-person experiences. Gen Z, digital natives by birth, are already signaling the demand. In a 2025 Live Nation study, 92% said they actively seek real-world experiences over online engagement, and 90% ranked "realness" and "authenticity" as life's top values. Reinforcing The Human With that in mind, here are ways that arts organizations can reinforce their human competitive advantage: 1. Make the process visible. Open rehearsals, studio livestreams and maker talks let supporters see sweat and revision. This narrative anchors value in effort, not just output. 2. Adopt authenticity labels. Create a simple tag system: "human‑made," "human‑AI hybrid," "machine‑generated." Clear labels help build trust. Show your supporters where that line is and then invite them to cross it with you. 3. Secure artist income. Offer paid residencies focused on craft that AI cannot mimic: site‑specific performance, participatory work or art rooted in local history. Tie funding to fair wages, not output volume. Quality over quantity. 4. Build digital rights clauses. Update contracts so artists keep training rights to their work or receive royalties if archives feed a model. 5. Create AI governance committees. Form small groups with artists, technologists, ethicists and board members to review projects. Publish the minutes. I believe that transparency helps discourage shortcut temptations. A Production For The People? As an example of a model embodying these concepts, here's a bold, human-first twist on the traditional season pass: Sell one production, experienced in five acts rather than separate shows. 1. Auditions: Open the doors to the tryouts. Subscribers witness unfiltered emotion and a wide range of talent. The casting room becomes the first stage. 2. Rehearsals: Offer a menu of rehearsal dates. 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Trump tariffs live updates: 117-year high in volume at busiest port in the US
Trump tariffs live updates: 117-year high in volume at busiest port in the US

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The Port of Los Angeles, the busiest port in the US, reported the highest monthly container volume in its 117-year history for July as shippers front-load cargoes amid ongoing tariff uncertainty. 'It's been a roller-coaster ride all year long, and the ride's not over yet,' Port of LA Executive Director Gene Seroka stated. Meanwhile, US and Japanese stock indexes hit all-time highs this week as the world adapts to President Trump's trade policy, tariffs bring in billions in revenue while not yet causing renewed inflation, and markets price in a 92% chance that the Fed cuts rates by 25 basis points in September. On Monday, President Trump signed an executive order extending the tariff truce between the US and China for another 90 days, pushing trade negotiations out to the fall. Average US tariff rates on Chinese goods are currently at about 55%, according to Bloomberg. Last week, Trump unveiled "reciprocal" tariffs on dozens of US trade partners. The next negotiations to watch are Canada, Mexico, and China in the coming months. Read more: What Trump's tariffs mean for the economy and your wallet Here are the latest updates as the policy reverberates around the world. Tariff confusion drives record volume at Los Angeles Port (Bloomberg) — The Port of Los Angeles said it handled the highest container volume in its 117-year history last month, as uncertainty over President Donald Trump's tariffs drives shippers to front-load cargoes. Already the busiest port in the country, LA moved more than 1 million twenty-foot equivalent units (TEUs) in July, an 8.5% increase from a year ago, the operator said on Wednesday. That includes containers entering and exiting its terminals, with loaded imports rising by a similar percentage to nearly 544,000 TEUs. The total volume handled was 14.2% higher than in June. Reader more here. Pharma tariffs are likely weeks away, Reuters reports US tariffs on pharmaceutical imports are coming but not imminent, Reuters reported Wednesday, citing unnamed sources. Trump has previously warned duties on the drug industry could reach as much as 250%. Reuters reports: Read more here. Brazil's Lula announces $5.5 billion in credits for exporters hit by US tariffs Brazilinan President Luiz Inácio Lula da Silva has announced a plan that includes $5 billion in credit to help local exporters handle tariffs . Associated Press reports: Read more here. Swiss say tariffs could raise costs for US F-35A jets The original price of the 36 fighter jets Switzerland is buying from the United States could go up by more than $1 billion due to the impacts of tariffs. Reuters reports: Read more from Reuters here. AI boom could help manufacturers adapt to global tariff landscape Mark Bendeich of Reuters details how the confluence of supply chain disruption from Trump's tariff policy and the rise of AI software solutions is leading to increased innovation among manufacturers. Richard Howells, SAP vice president and supply chain specialist, emphasized that the uncertainty surrouding Trump's trade policy is driving the technology push. "That's how it was during the financial crisis, Brexit and COVID," Howells stated. "And it's what we're seeing now." Read more here. GE Appliances to invest over $3B in US, moving from China and Mexico GE Appliances will move production of its refrigerators, gas ranges and water heaters from China and Mexico, investing over $3 billion to expand plans in five US states. AP News reports: Read more here. Bessent dismisses China investing in US as part of a trade deal Treasury Secretary Scott Bessent ruled out Chinese investments as part of a US trade deal. When asked if China would offer a multi-billion dollar pleadges like Japan, South Korea and the EU, Bessent said no. Bloomberg News reports: Read more here. Tariffs bring in record $27.7 billion in July as Trump calls haul 'incredible for our country' Yahoo Finance's Brett LoGiurato and Ben Werschkul report: Xi takes aim at US 'protectionism' in phone call with Lula Leaders of the BRICS nations seem to be in talks. Brazilian President Lula spoke with China's leader Xi after meeting with India and Russia. This outreach comes after President Trump pulled Brazil into his trade war. During the call, China's Xi urged for coordinated efforts against US protectionism. Bloomberg News reports: Read more here. Soybean futures fall after Trump extends trade truce with China Soybean (ZS=F) prices fell back below $10 a bushel on Tuesday, after news of the US-China trade truce extension. Traders saw this truce as likely delaying major grain-purchasing deals between the two nations until later this year. Bloomberg News reports: Read more here. European Union awaits US follow-up on trade deal promises BRUSSELS (Reuters) - The European Union could not say when a joint statement on tariffs with the United States would be ready, nor when the White House would issue an executive order on European car import duties, a spokesperson said on Tuesday. The EU and U.S. reached a framework trade agreement at the end of July but only the 15% baseline tariff on European exports had so far come into effect, as of last week. EU officials previously said a joint statement would follow the deal "very soon" along with executive orders from U.S. President Donald Trump on key carve-outs. "It is an agreement that we believe is strong and the best we could have ... Of course, we expect the U.S. to take further steps that are part of this agreement but I don't believe at this stage we can put a timeline on these engagements," the European Commission spokesperson said. Read more here. 'Climate of uncertainty' remains after China-US trade extension Zhou Mi, an expert at the Ministry of Commerce-backed Chinese Academy of International Trade and Economic Cooperation, told Bloomberg that there remains a "climate of uncertainty" despite the latest 90-day pause on additional tariffs enacted by the US on Monday. The Trump administration 'frequently sends out a range of signals, often through its negotiation tactics and public statements — some of which even contradict each other,' Zhou told Bloomberg. 'This creates a climate of uncertainty that makes businesses and markets increasingly concerned about the stability and outlook for economic and trade policies between China and the US, as well as the US and other countries." Average US tariffs on good imported from China currently sit at 55%. Read more here. Swiss precious metals group wants 'a formal and binding decision' on Trump gold tariff promise Not everyone is fully satisfied with President Donald Trump's social media statement on not putting tariffs on gold after uncertainty in the bullion market in recent days. "President Trump's statement is an encouraging signal for trade stability," Christoph Wild, president of the the the Swiss precious metals association ASFCMP, stated on Tuesday. "However, only a formal and binding decision will provide the certainty the gold sector and its partners require." Read more here. China urges firms not to use Nvidia H20 chips in new guidance China has told local companies to avoid using Nvidia (NVDA) H20 processors, especially for government work. This makes it harder for Nvidia to recover billions in lost sales in China and affects the US government's plan to benefit from those sales. This latest move by China appears to be in response to the deal Nvidia and AMD (AMD) made with the US government over the weekend to pay the US 15% of the revenue for AI-related chip sales to China, adding a monetization layer to the Trump administration's tariff policy that has reoriented global trade relationships. In recent weeks, Chinese officials warned several firms against using these less advanced chips. The strongest advice was to keep J20 processors out of government national security projects, both for state-owned and private companies. Bloomberg News reports: Read more here. Japan's Nikkei hits record high on tariff relief, tech rally The Nikkei 225 (^N225) hit a record high Tuesday as easing US tariff fears boosted optimism, led by tech stocks and tariff relief. Bloomberg News reports: Read more here. Trump reportedly signs order granting another 90-day extension on harshest China tariffs Yahoo Finance's Ben Werschkul reports: Read more here. Trump says, 'Gold will not be Tariffed!' President Trump posted on social media that gold will not be subject to tariffs after a surprise US Customs and Border Protection (CBP) ruling sparked confusion over whether the precious metal faced duties. "A Statement from Donald J. Trump, President of the United States of America: Gold will not be Tariffed!" Trump wrote on Truth Social on Monday afternoon. On Friday, the Financial Times reported that CBP classified Swiss one-kilogram and 100-ounce bars of gold as subject to 39% tariffs recently imposed on Switzerland by the Trump administration. Gold futures (GC=F) declined 2.5% early on Monday as investors awaited clarity from the White House over its trade position on the precious metal amid reports that imports of Swiss gold bars would not be exempt from tariffs. Small US firms paying Trump tariffs face $202B annual hit Small US businesses are struggling to comply with President Trump's new tariffs. These companies, which are the source of more than half of the country's job creation are also finding it hard to cope with the growing financial strain from higher import costs. Bloomberg News: Read more here. Trump on China extension: We'll see what happens President Trump said China has been "dealing quite nicely" with the US, a possible hint that his administration is preparing to extend the countries' trade truce past a deadline that expires Tuesday. "We'll see what happens," he said during a White House press conference, adding, "They've been dealing quite nicely." The countries have held multiple rounds of trade talks during the 90-day suspension of sky-high tariffs on each other. Both sides have hailed progress in those talks. An extension into the fall could potentially set up a Trump meeting with Chinese leader Xi Jinping, which Trump has suggested could happen before the end of the year. Swiss government to meet pharma firms to discuss US tariffs The Swiss government is due to meet this week with leaders from Swiss pharmaceutical companies Roche and Novartis, which have faced pressure from President Trump to lower their drug prices in the US. The meeting comes as Switzerland aims to negotiate for a lower tariff rate than the 39% rate the Trump administration imposed last week. And should Trump follow through on pharmaceutical tariffs as well, Roche and Novartis are considered to be more exposed, as they have comparatively fewer US manufacturing sites. From Reuters: Read more here. Tariff confusion drives record volume at Los Angeles Port (Bloomberg) — The Port of Los Angeles said it handled the highest container volume in its 117-year history last month, as uncertainty over President Donald Trump's tariffs drives shippers to front-load cargoes. Already the busiest port in the country, LA moved more than 1 million twenty-foot equivalent units (TEUs) in July, an 8.5% increase from a year ago, the operator said on Wednesday. That includes containers entering and exiting its terminals, with loaded imports rising by a similar percentage to nearly 544,000 TEUs. The total volume handled was 14.2% higher than in June. Reader more here. (Bloomberg) — The Port of Los Angeles said it handled the highest container volume in its 117-year history last month, as uncertainty over President Donald Trump's tariffs drives shippers to front-load cargoes. Already the busiest port in the country, LA moved more than 1 million twenty-foot equivalent units (TEUs) in July, an 8.5% increase from a year ago, the operator said on Wednesday. That includes containers entering and exiting its terminals, with loaded imports rising by a similar percentage to nearly 544,000 TEUs. The total volume handled was 14.2% higher than in June. Reader more here. Pharma tariffs are likely weeks away, Reuters reports US tariffs on pharmaceutical imports are coming but not imminent, Reuters reported Wednesday, citing unnamed sources. Trump has previously warned duties on the drug industry could reach as much as 250%. Reuters reports: Read more here. US tariffs on pharmaceutical imports are coming but not imminent, Reuters reported Wednesday, citing unnamed sources. Trump has previously warned duties on the drug industry could reach as much as 250%. Reuters reports: Read more here. Brazil's Lula announces $5.5 billion in credits for exporters hit by US tariffs Brazilinan President Luiz Inácio Lula da Silva has announced a plan that includes $5 billion in credit to help local exporters handle tariffs . Associated Press reports: Read more here. Brazilinan President Luiz Inácio Lula da Silva has announced a plan that includes $5 billion in credit to help local exporters handle tariffs . Associated Press reports: Read more here. Swiss say tariffs could raise costs for US F-35A jets The original price of the 36 fighter jets Switzerland is buying from the United States could go up by more than $1 billion due to the impacts of tariffs. Reuters reports: Read more from Reuters here. The original price of the 36 fighter jets Switzerland is buying from the United States could go up by more than $1 billion due to the impacts of tariffs. Reuters reports: Read more from Reuters here. AI boom could help manufacturers adapt to global tariff landscape Mark Bendeich of Reuters details how the confluence of supply chain disruption from Trump's tariff policy and the rise of AI software solutions is leading to increased innovation among manufacturers. Richard Howells, SAP vice president and supply chain specialist, emphasized that the uncertainty surrouding Trump's trade policy is driving the technology push. "That's how it was during the financial crisis, Brexit and COVID," Howells stated. "And it's what we're seeing now." Read more here. Mark Bendeich of Reuters details how the confluence of supply chain disruption from Trump's tariff policy and the rise of AI software solutions is leading to increased innovation among manufacturers. Richard Howells, SAP vice president and supply chain specialist, emphasized that the uncertainty surrouding Trump's trade policy is driving the technology push. "That's how it was during the financial crisis, Brexit and COVID," Howells stated. "And it's what we're seeing now." Read more here. GE Appliances to invest over $3B in US, moving from China and Mexico GE Appliances will move production of its refrigerators, gas ranges and water heaters from China and Mexico, investing over $3 billion to expand plans in five US states. AP News reports: Read more here. GE Appliances will move production of its refrigerators, gas ranges and water heaters from China and Mexico, investing over $3 billion to expand plans in five US states. AP News reports: Read more here. Bessent dismisses China investing in US as part of a trade deal Treasury Secretary Scott Bessent ruled out Chinese investments as part of a US trade deal. When asked if China would offer a multi-billion dollar pleadges like Japan, South Korea and the EU, Bessent said no. Bloomberg News reports: Read more here. Treasury Secretary Scott Bessent ruled out Chinese investments as part of a US trade deal. When asked if China would offer a multi-billion dollar pleadges like Japan, South Korea and the EU, Bessent said no. Bloomberg News reports: Read more here. Tariffs bring in record $27.7 billion in July as Trump calls haul 'incredible for our country' Yahoo Finance's Brett LoGiurato and Ben Werschkul report: Yahoo Finance's Brett LoGiurato and Ben Werschkul report: Xi takes aim at US 'protectionism' in phone call with Lula Leaders of the BRICS nations seem to be in talks. Brazilian President Lula spoke with China's leader Xi after meeting with India and Russia. This outreach comes after President Trump pulled Brazil into his trade war. During the call, China's Xi urged for coordinated efforts against US protectionism. Bloomberg News reports: Read more here. Leaders of the BRICS nations seem to be in talks. Brazilian President Lula spoke with China's leader Xi after meeting with India and Russia. This outreach comes after President Trump pulled Brazil into his trade war. During the call, China's Xi urged for coordinated efforts against US protectionism. Bloomberg News reports: Read more here. Soybean futures fall after Trump extends trade truce with China Soybean (ZS=F) prices fell back below $10 a bushel on Tuesday, after news of the US-China trade truce extension. Traders saw this truce as likely delaying major grain-purchasing deals between the two nations until later this year. Bloomberg News reports: Read more here. Soybean (ZS=F) prices fell back below $10 a bushel on Tuesday, after news of the US-China trade truce extension. Traders saw this truce as likely delaying major grain-purchasing deals between the two nations until later this year. Bloomberg News reports: Read more here. European Union awaits US follow-up on trade deal promises BRUSSELS (Reuters) - The European Union could not say when a joint statement on tariffs with the United States would be ready, nor when the White House would issue an executive order on European car import duties, a spokesperson said on Tuesday. The EU and U.S. reached a framework trade agreement at the end of July but only the 15% baseline tariff on European exports had so far come into effect, as of last week. EU officials previously said a joint statement would follow the deal "very soon" along with executive orders from U.S. President Donald Trump on key carve-outs. "It is an agreement that we believe is strong and the best we could have ... Of course, we expect the U.S. to take further steps that are part of this agreement but I don't believe at this stage we can put a timeline on these engagements," the European Commission spokesperson said. Read more here. BRUSSELS (Reuters) - The European Union could not say when a joint statement on tariffs with the United States would be ready, nor when the White House would issue an executive order on European car import duties, a spokesperson said on Tuesday. The EU and U.S. reached a framework trade agreement at the end of July but only the 15% baseline tariff on European exports had so far come into effect, as of last week. EU officials previously said a joint statement would follow the deal "very soon" along with executive orders from U.S. President Donald Trump on key carve-outs. "It is an agreement that we believe is strong and the best we could have ... Of course, we expect the U.S. to take further steps that are part of this agreement but I don't believe at this stage we can put a timeline on these engagements," the European Commission spokesperson said. Read more here. 'Climate of uncertainty' remains after China-US trade extension Zhou Mi, an expert at the Ministry of Commerce-backed Chinese Academy of International Trade and Economic Cooperation, told Bloomberg that there remains a "climate of uncertainty" despite the latest 90-day pause on additional tariffs enacted by the US on Monday. The Trump administration 'frequently sends out a range of signals, often through its negotiation tactics and public statements — some of which even contradict each other,' Zhou told Bloomberg. 'This creates a climate of uncertainty that makes businesses and markets increasingly concerned about the stability and outlook for economic and trade policies between China and the US, as well as the US and other countries." Average US tariffs on good imported from China currently sit at 55%. Read more here. Zhou Mi, an expert at the Ministry of Commerce-backed Chinese Academy of International Trade and Economic Cooperation, told Bloomberg that there remains a "climate of uncertainty" despite the latest 90-day pause on additional tariffs enacted by the US on Monday. The Trump administration 'frequently sends out a range of signals, often through its negotiation tactics and public statements — some of which even contradict each other,' Zhou told Bloomberg. 'This creates a climate of uncertainty that makes businesses and markets increasingly concerned about the stability and outlook for economic and trade policies between China and the US, as well as the US and other countries." Average US tariffs on good imported from China currently sit at 55%. Read more here. Swiss precious metals group wants 'a formal and binding decision' on Trump gold tariff promise Not everyone is fully satisfied with President Donald Trump's social media statement on not putting tariffs on gold after uncertainty in the bullion market in recent days. "President Trump's statement is an encouraging signal for trade stability," Christoph Wild, president of the the the Swiss precious metals association ASFCMP, stated on Tuesday. "However, only a formal and binding decision will provide the certainty the gold sector and its partners require." Read more here. Not everyone is fully satisfied with President Donald Trump's social media statement on not putting tariffs on gold after uncertainty in the bullion market in recent days. "President Trump's statement is an encouraging signal for trade stability," Christoph Wild, president of the the the Swiss precious metals association ASFCMP, stated on Tuesday. "However, only a formal and binding decision will provide the certainty the gold sector and its partners require." Read more here. China urges firms not to use Nvidia H20 chips in new guidance China has told local companies to avoid using Nvidia (NVDA) H20 processors, especially for government work. This makes it harder for Nvidia to recover billions in lost sales in China and affects the US government's plan to benefit from those sales. This latest move by China appears to be in response to the deal Nvidia and AMD (AMD) made with the US government over the weekend to pay the US 15% of the revenue for AI-related chip sales to China, adding a monetization layer to the Trump administration's tariff policy that has reoriented global trade relationships. In recent weeks, Chinese officials warned several firms against using these less advanced chips. The strongest advice was to keep J20 processors out of government national security projects, both for state-owned and private companies. Bloomberg News reports: Read more here. China has told local companies to avoid using Nvidia (NVDA) H20 processors, especially for government work. This makes it harder for Nvidia to recover billions in lost sales in China and affects the US government's plan to benefit from those sales. This latest move by China appears to be in response to the deal Nvidia and AMD (AMD) made with the US government over the weekend to pay the US 15% of the revenue for AI-related chip sales to China, adding a monetization layer to the Trump administration's tariff policy that has reoriented global trade relationships. In recent weeks, Chinese officials warned several firms against using these less advanced chips. The strongest advice was to keep J20 processors out of government national security projects, both for state-owned and private companies. Bloomberg News reports: Read more here. Japan's Nikkei hits record high on tariff relief, tech rally The Nikkei 225 (^N225) hit a record high Tuesday as easing US tariff fears boosted optimism, led by tech stocks and tariff relief. Bloomberg News reports: Read more here. The Nikkei 225 (^N225) hit a record high Tuesday as easing US tariff fears boosted optimism, led by tech stocks and tariff relief. Bloomberg News reports: Read more here. Trump reportedly signs order granting another 90-day extension on harshest China tariffs Yahoo Finance's Ben Werschkul reports: Read more here. Yahoo Finance's Ben Werschkul reports: Read more here. Trump says, 'Gold will not be Tariffed!' President Trump posted on social media that gold will not be subject to tariffs after a surprise US Customs and Border Protection (CBP) ruling sparked confusion over whether the precious metal faced duties. "A Statement from Donald J. Trump, President of the United States of America: Gold will not be Tariffed!" Trump wrote on Truth Social on Monday afternoon. On Friday, the Financial Times reported that CBP classified Swiss one-kilogram and 100-ounce bars of gold as subject to 39% tariffs recently imposed on Switzerland by the Trump administration. Gold futures (GC=F) declined 2.5% early on Monday as investors awaited clarity from the White House over its trade position on the precious metal amid reports that imports of Swiss gold bars would not be exempt from tariffs. President Trump posted on social media that gold will not be subject to tariffs after a surprise US Customs and Border Protection (CBP) ruling sparked confusion over whether the precious metal faced duties. "A Statement from Donald J. Trump, President of the United States of America: Gold will not be Tariffed!" Trump wrote on Truth Social on Monday afternoon. On Friday, the Financial Times reported that CBP classified Swiss one-kilogram and 100-ounce bars of gold as subject to 39% tariffs recently imposed on Switzerland by the Trump administration. Gold futures (GC=F) declined 2.5% early on Monday as investors awaited clarity from the White House over its trade position on the precious metal amid reports that imports of Swiss gold bars would not be exempt from tariffs. Small US firms paying Trump tariffs face $202B annual hit Small US businesses are struggling to comply with President Trump's new tariffs. These companies, which are the source of more than half of the country's job creation are also finding it hard to cope with the growing financial strain from higher import costs. Bloomberg News: Read more here. Small US businesses are struggling to comply with President Trump's new tariffs. These companies, which are the source of more than half of the country's job creation are also finding it hard to cope with the growing financial strain from higher import costs. Bloomberg News: Read more here. Trump on China extension: We'll see what happens President Trump said China has been "dealing quite nicely" with the US, a possible hint that his administration is preparing to extend the countries' trade truce past a deadline that expires Tuesday. "We'll see what happens," he said during a White House press conference, adding, "They've been dealing quite nicely." The countries have held multiple rounds of trade talks during the 90-day suspension of sky-high tariffs on each other. Both sides have hailed progress in those talks. An extension into the fall could potentially set up a Trump meeting with Chinese leader Xi Jinping, which Trump has suggested could happen before the end of the year. President Trump said China has been "dealing quite nicely" with the US, a possible hint that his administration is preparing to extend the countries' trade truce past a deadline that expires Tuesday. "We'll see what happens," he said during a White House press conference, adding, "They've been dealing quite nicely." The countries have held multiple rounds of trade talks during the 90-day suspension of sky-high tariffs on each other. Both sides have hailed progress in those talks. An extension into the fall could potentially set up a Trump meeting with Chinese leader Xi Jinping, which Trump has suggested could happen before the end of the year. Swiss government to meet pharma firms to discuss US tariffs The Swiss government is due to meet this week with leaders from Swiss pharmaceutical companies Roche and Novartis, which have faced pressure from President Trump to lower their drug prices in the US. The meeting comes as Switzerland aims to negotiate for a lower tariff rate than the 39% rate the Trump administration imposed last week. And should Trump follow through on pharmaceutical tariffs as well, Roche and Novartis are considered to be more exposed, as they have comparatively fewer US manufacturing sites. From Reuters: Read more here. The Swiss government is due to meet this week with leaders from Swiss pharmaceutical companies Roche and Novartis, which have faced pressure from President Trump to lower their drug prices in the US. The meeting comes as Switzerland aims to negotiate for a lower tariff rate than the 39% rate the Trump administration imposed last week. And should Trump follow through on pharmaceutical tariffs as well, Roche and Novartis are considered to be more exposed, as they have comparatively fewer US manufacturing sites. From Reuters: Read more here. 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