China accuses Taiwan of cyberattack on tech company
BEIJING (Reuters) -Chinese public security authorities in the city of Guangzhou have attributed a cyberattack on an unnamed technology company to the Taiwan government, a statement showed on Tuesday.
The foreign hacker organisation behind the attack was "supported by" Taiwan's Democratic Progressive Party (DPP), authorities in the capital of Guangdong province said, based on an initial police investigation.
The DPP is the ruling party in Taiwan.
The Mainland Affairs Council in Taiwan did not immediately reply to a request for comment.
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CNET
4 hours ago
- CNET
CNET's Daily Price Tracker: I'm Watching How Prices Are Moving as Major Sales Approach
A trade court has ruled Trump's tariff barrage illegal, but the possibility of prices climbing remains. James Martin/CNET For CNET's tariff price tracker, I've been keeping an eye on several products that have a high chance of being affected by President Donald Trump's tariff agenda. Most prices I've been looking at have remained stable so far, aside from notable increases for the Xbox Series X and a budget-friendly 4K TV, and occasional discounts during big sale periods, which is currently the case for some popular earbuds, an affordable soundbar and a best-selling pack of batteries. With all that said, the broader impact of these import taxes is still on the horizon, especially as Trump now claims that tariff rates against China are going back up to 55% soon. The Trump administration has also been working to undo a trade court ruling which found that Trump has no authority to set tariffs as he has been -- a move now being argued before an appeals court. We'll see how that ultimately plays out, but for now, the possibility that the president's tariff policies will lead to price hikes remains likely. That's why I'm continuing to monitor several key products you might want or need to buy soon, to keep track of the potential tariff impacts. CNET Tariff Tracker Index Above, you can check out a chart with the average price of the 11 products included in this piece over the course of 2025. This will help give you a sense of the overall price changes and fluctuations going on. Further down, you'll be able to check out charts for each individual product being tracked. For now, the average price for all of the products we're covering is down noticeably compared to May, though this might be a result of the various sales going around to kick off the summer. You can probably expect that trend to continue into next month when Amazon holds its Prime Day sale, which I anticipate will be a good time to make a lot of purchases before tariff impacts really start to take hold. We'll be updating this article regularly as prices change. It's all in the name of helping you make sense of things so be sure to check back every so often. For more, check out CNET's guide to whether you should wait to make big purchases or buy them now and get expert tips about how to prepare for a recession. Now Playing: Should You Buy Now or Wait? Our Experts Weigh In on Tariffs 09:42 Methodology We're checking prices daily and will update the article and the relevant charts right away to reflect any changes. The following charts show a single bullet point for each month, with the most recent one labeled "Now" and showing the current price. For the past months, we've gone with what was the most common price for each item in the given month. In most cases, the price stats used in these graphs were pulled from Amazon using the historical price-tracker tool Keepa. For the iPhones, the prices come from Apple's official materials and are based on the 128-gigabyte base model of the latest offering for each year: the iPhone 14, iPhone 15 and iPhone 16. For the Xbox Series X, the prices were sourced from Best Buy using the tool PriceTracker. If any of these products happen to be on sale at a given time, we'll be sure to let you know and explain how those price drops differ from longer-term pricing trends that tariffs can cause. The 11 products we're tracking Mostly what we're tracking in this article are electronic devices and digital items that CNET covers in depth, like iPhones and affordable 4K TVs -- along with a typical bag of coffee, a more humble product that isn't produced in the US to any significant degree. The products featured were chosen for a few reasons: Some of them are popular and/or affordable representatives for major consumer tech categories, like smartphones, TVs and game consoles. Others are meant to represent things that consumers might buy more frequently, like printer ink or coffee beans. Some products were chosen over others because they are likely more susceptible to tariffs. Some of these products have been reviewed by CNET or have been featured in some of our best lists. Below, we'll get into more about each individual product, and stick around till the end for a rundown of some other products worth noting. iPhone 16 The iPhone is the most popular smartphone brand in the US, so this was a clear priority for price tracking. The iPhone has also emerged as a major focal point for conversations about tariffs, given its popularity and its susceptibility to import taxes because of its overseas production, largely in China. Trump has reportedly been fixated on the idea that the iPhone can and should be manufactured in the US, an idea that experts have dismissed as a fantasy. Estimates have also suggested that a US-made iPhone would cost as much as $3,500. Something to note about this graph: The price listed is the one you'll see if you buy your phone through a major carrier. If you, say, buy direct from Apple or Best Buy without a carrier involved, you'll be charged an extra $30, so in some places, you might see the list price of the standard iPhone 16 listed as $830. Apple's been taking a few steps to protect its prices in the face of these tariffs, flying in bulk shipments of product before they took effect and planning to move production for the US market from China to India. This latter move drew the anger of Trump again, threatening the company with a 25% tariff if they didn't move production to the US, an idea CEO Tim Cook has repeatedly shot down in the past. This came after Trump gave a tariff exemption to electronic devices including smartphones, so the future of that move seems in doubt now. Apple's flagship device is still the top-selling smartphone globally, as of Q1 of this year, although new research from the firm Counterpoint suggests that tariff uncertainty will cause the brand's growth to stall a bit throughout the rest of 2025. Duracell AA batteries A lot of the tech products in your home might boast a rechargeable energy source but individual batteries are still an everyday essential and I can tell you from experience that as soon as you forget about them, you'll be needing to restock. The Duracell AAs we're tracking are some of the bestselling batteries on Amazon. This particular pack hasn't seen much shift in pricing in the last few months, but it's currently around $3 off on Amazon, so it's a good time to pick up some batteries if you need them. Samsung DU7200 TV Alongside smartphones, televisions are some of the most popular tech products out there, even if they're an infrequent purchase. This particular product is a popular entry-level 4K TV and was CNET's pick for best overall budget TV for 2025. Unlike a lot of tech products that have key supply lines in China, Samsung is a South Korean company so it might have some measure of tariff resistance. This model is currently about $29 more expensive than usual on Amazon, but we'll have to wait and see if this is a temporary change or a more permanent shift in pricing. Xbox Series X Video game software and hardware are a market segment expected to be hit hard by the Trump tariffs. Microsoft's Xbox is the first console brand to see price hikes -- the company cited "market conditions" along with the rising cost of development. Most notably, this included an increase in the price of the flagship Xbox Series X, up from $500 to $600. Numerous Xbox accessories also were affected and the company also said that "certain" games will eventually see a price hike from $70 to $80. Initially, we were tracking the price of the much more popular Nintendo Switch as a representative of the gaming market. Nintendo has not yet hiked the price of its handheld-console hybrid and stressed that the $450 price tag of the upcoming Switch 2 has not yet been inflated because of tariffs. Sony, meanwhile, has so far only increased prices on its PlayStation hardware in markets outside the US. AirPods Pro 2 The latest iteration of Apple's wildly popular true-wireless earbuds are here to represent the headphone market. Much to the chagrin of the audiophiles out there, a quick look at sales charts on Amazon shows you just how much the brand dominates all headphone sales. Earlier in the year, they tended to hover around $199 on the site, a notable discount from its $249 list price, but the price is currently the much more enticing $169, so move fast if you want an affordable pair. (Or maybe just wait for the rumored AirPods Pro 3.) HP 962 CMY printer ink This HP printer ink includes cyan, magenta and yellow all in one product and recently saw its price jump from around $72 -- where it stayed for most of 2025 -- to $80, which is around its highest price over the last five years. We will be keeping tabs to see if this is a long-term change or a brief uptick. This product replaced Overture PLA Filament for 3D printers in this piece, but we're still tracking that item. Anker 10,000-mAh, 30-watt power bank Anker's accessories are perennially popular in the tech space and the company has already announced that some of its products will get more expensive as a direct result of tariffs. This specific product has also been featured in some of CNET's lists of the best portable chargers. This particular model is showing as out-of-stock on Amazon for the time being, but was most recently back up to $26 after a brief sale. Bose TV speaker Soundbars have become important purchases, given the often iffy quality of the speakers built into TVs. While not the biggest or the best offering in the space, the Bose TV Speaker is one of the more affordable soundbar options out there, especially hailing from a brand as popular as Bose. This product has been one of the steadiest on this list in terms of price throughout the year, but it's currently on sale for $199, potentially as part of Amazon's Memorial Day sale. So, if you're looking for an affordable, tariff-free TV speaker, now might be the time. Oral-B Pro 1000 electric toothbrush They might be a lot more expensive than their traditional counterparts but electric toothbrushes remain a popular choice for consumers because of how well they get the job done. I know my dentist won't let up on how much I need one. This particular Oral-B offering was CNET's overall choice for the best electric toothbrush for 2025. Lenovo IdeaPad Flex 5i Chromebook Lenovo is notable among the big laptop manufacturers for being a Chinese company making its products especially susceptible to Trump's tariffs. Starbucks Ground Coffee (28-ounce bag) Coffee is included in this tracker because of its ubiquity -- I'm certainly drinking too much of it these days -- and because it's uniquely susceptible to Trump's tariff agenda. Famously, coffee beans can only be grown within a certain distance from Earth's equator, a tropical span largely outside the US and known as the "Coffee Belt." Hawaii is the only part of the US that can produce coffee beans, with data from USAFacts showing that 11.5 million pounds were harvested there in the 2022-23 season -- little more than a drop in the mug, as the US consumed 282 times that amount of coffee during that period. Making matters worse, Hawaiian coffee production has declined in the past few years. All that to say: Americans get almost all of their coffee from overseas, making it one of the most likely products to see price hikes from tariffs. Other products As mentioned before, we occasionally swap out products with different ones that undergo notable price shifts. Here are some things no longer featured above, but that we're still keeping an eye on: Nintendo Switch: The baseline handheld-console hybrid has held steady around $299 most places -- including Amazon impending release of the Switch 2 remains to be seen. This product was replaced above with the Xbox Series X. impending release of the Switch 2 remains to be seen. This product was replaced above with the Xbox Series X. Overture PLA 3D printer filament: This is a popular choice on Amazon Here are some products we also wanted to single out that haven't been featured with a graph yet: Razer Blade 18 (2025), 5070 Ti edition: The latest revision of Razer's largest gaming laptop saw a $300 price bump recently, with the base model featured an RTX 5070 Ti graphics card now priced at $3,500 ahead of launch, compared to the $3,200 price announced in February. While Razer has stayed mum about the reasoning, it did previously suspend direct sales to the US as Trump's tariff plans were ramping up in April. Asus ROG Ally X: The premium version of Asus's Steam Deck competitor handheld gaming PC recently saw a price hike from $799 to $899, coinciding with the announcement of the company's upcoming Xbox-branded Ally handhelds.
Forbes
4 hours ago
- Forbes
Trump Gold Card Website Feels ‘Amateurish,' Not Legitimate, Expert Says
President Trump touted Wednesday that 'the waiting list is now open' for the $5 million Trump Gold Card visa—but immigration investment experts warn the nearly launched website does not look or feel like a legitimate government initiative. A Shanghai-based netizen checks out the website on June 12, 2025. (Photo by Wang Gang) The URL of the Trump Gold Card website— itself a red flag, Nuri Katz, founder of Apex Capital Partners, who has a 34-year career providing investment immigration guidance to ultra-high-net-worth clients, told Forbes, since 'to apply for immigration status, you go through U.S. Citizenship & Immigration Services,' and online visa and green card applications are processed through URLs that begin with with ' Another concern: 'Normally, there would be a disclaimer regarding data usage—'we're not going to use your data for this, we're not going to use your data for that,'' says Katz, adding the site feels to him like a 'commercial enterprise.' The Trump Card website displays the presidential seal (which Trump has used to promote his private ventures), flanked by the seals for the Department of Commerce (DOC) and Department of Homeland Security (DHS)—but a DHS official did not answer Forbes' questions about the agency's involvement in the website, instead directing us to the Department of Commerce email address on At the bottom right corner of the Trump Gold Card website, a link goes to a generic Department of Commerce email address—not DHS or USCIS, as would be expected. On the intake form, the prompt 'I'm interested as…' has a dropdown menu where users can designate themselves as 'an individual' or 'a business'—but 'companies can't apply for a green card,' points out Katz. That the website's intake form asks for the user's region instead of country is 'another red flag, absolutely,' says Katz, as 'it appears they're just trying to gauge interest' and not even take into consideration Trump's newly enacted travel ban for more than a dozen countries. 'I have been confused from the start about how the Gold Card is meant to work and how it fits into our immigration laws, and this is a continuation of strangeness,' Julia Gelatt, associate director of the U.S. Immigration Policy Program at the Migration Policy Institute, told Forbes. No. Trump told followers on Truth Social that the waiting list for the Gold Card was open, but Katz says it could be years before applications are actually being processed—if that happens at all. 'This is an attempt to say 'we promised you a live website and now we have a live website,' but having a website and being able to process applications is potentially years away from each other,' Katz said. Despite the Trump administration talking about the Gold Card visa since February, Congress has not initiated any legislation for changes to immigration and tax law that would be required. 'Maybe President Trump is exploring some executive authorities that he sees as allowing him, or the administration, to create immigration pathways outside of our legal immigration system,' Gelatt said. 'But certainly the executive branch doesn't have the authority to create a new visa without Congress' authority.' Trump's Gold Card visa would replace the EB-5 program, which raised about $4 billion for the U.S. economy last year. 'There is zero indication that the EB-5 program has been touched in any way,' Katz said. The Department of Commerce did not reply to Forbes' questions regarding the creation of the website. 'This is a joke. [The Trump administration] is asking very wealthy individuals to trust a one-page website that feels like it was created in five minutes by a teenager in his bedroom,' Katz said, calling the new website 'lazy' and 'amateurish.' He directed Forbes to compare the lack of information at to the copious information available on the USCIS website about the U.S. government's EB-5 immigration investment program. Although the new website carries the phrase 'an official website of the United States government' twice, 'it doesn't look like it and it doesn't inspire confidence that this is really an official American government website,' Katz said. 'The new website may say 'The Trump Card Is Coming,' but the creation of this website does not at all indicate that the administration is moving forward in a serious way with implementation of the Gold Card,' Gelatt said. 'I suspect that President Trump is very eager to promote this idea, but members of the administration at DHS and at the State Department may be pushing the brakes on how they could implement this. And so the creation of a Department of Commerce website is a way to pretend, basically, to be moving forward towards implementation.' Katz puts it more bluntly: 'The scariest thing is it just seems like an attempt by the government to bamboozle people into registering with this website in order to build up a database of rich people.' Gelatt is inclined to agree, telling Forbes, 'I think if somebody is interested in pursuing a Gold Card, they could just wait and see. There's no reason why they would need to enter their information now. It seems like an unusual information gathering attempt.' Trump has suggested the U.S. could "sell maybe a million of these cards, maybe more than that." He said selling 1 million Gold Cards would raise $5 trillion, while 10 million cards could bring in $50 trillion, an amount that would be enough to eliminate the national debt and then some. In May, Commerce Secretary Howard Lutnick tempered that ambition, floating figures as high as $1 trillion if 200,000 individuals invested. 'In my 34 years of experience, I have rarely seen anybody spend more than 10% of their net worth on an immigration program, and generally it's more like 5%,' Katz told Forbes. 'So you've got to be worth $50 million to $100 million in order to be able to afford this.' Yet there are fewer than 30,000 centimillionaires in the entire world, according to a report from Henley & Partners, and more than one third are American. Even if you expanded the target audience to include non-Americans worth at least $50 million, there are still roughly only 80,000 individuals in the world who qualify. That's 40% of what's needed for Lutnick to achieve his $1 trillion goal—and less than 1% of the 10 million Trump said would generate $50 trillion in revenue. 'The pool of global UHNWIs (ultra-high-net-worth individuals) able—and willing—to contribute USD $5 million outright is relatively small, especially when compared to residence by investment alternatives that are investment-based rather than donation-based,' Henley & Partners told Forbes in an email. Why Trump's Gold Card Visa May Never Happen: 'Math Does Not Add Up,' Expert Says (Forbes)
Miami Herald
5 hours ago
- Miami Herald
Taiwan's chip dominance becomes global security, economic flashpoint
WASHINGTON, June 12 (UPI) -- Taiwan may be an island of just over 23 million people, but what happens there could ripple across the global economy. The small democratic nation produces the vast majority of the world's most advanced semiconductors -- chips that are used in everything from smartphones and electric cars to defense systems and spacecraft. Taiwan Semiconductor Manufacturing Co. Ltd. "produces roughly 90% of the most sophisticated computer chips, and the loss of that would be devastating," said Steven David, a professor of political science at Johns Hopkins University in Baltimore. "We can't get around without it." For Taiwan, this manufacturing dominance isn't just economic -- it's strategic. Analysts call it the island's "silicon shield." The world relies heavily on Taiwan's chips, which deters China from launching a military attack and pushes allies like the United States to come to Taiwan's defense. The geopolitical stakes around Taiwan's semiconductor dominance have soared as China escalates military pressure, through increased fighter jet incursions, large-scale naval drills and explicit threats of reunification. U.S. lawmakers from both parties have increasingly voiced concern that a Chinese invasion could upend global chip supply chains and empower Beijing with outsized economic leverage. "It [would be] monumentally stupid to try to keep something as fragile as chips production going during the time of war," said Kitsch Liao, associate director of the Atlantic Council's Global China Hub. "One stray shell could destroy that plant and you're done." The United States has taken steps to address this vulnerability. In 2022, former President Joe Biden signed the CHIPS and Science Act, allocating $280 billion to support domestic semiconductor manufacturing and research, including subsidies for Taiwan Semiconductor to build a plant in Phoenix. In March, President Donald Trump announced a new $100 billion deal with the company to dramatically expand its manufacturing presence in the United States. "America is building plants with Taiwanese investment and cooperation in Arizona and elsewhere, but it would still be devastating," David said, referring to the potential impact of a Chinese attack on chip production. Taiwan's government has had to carefully balance cooperation with the United States against growing fears at home that shifting too much chip production abroad could weaken its security. Taiwan's two main political parties, the Kuomintang, or KMT, and the Democratic Progressive Party, or DPP, have debated the best approach to cross-strait relations. While the KMT supports closer ties with China, the DPP, which currently holds the presidency under Lai Ching-te, has leaned toward reinforcing Taiwan's democratic independence and diversifying trade, actions that could increase already mounting pressure from China. "If China does successfully invade Taiwan and takes over the TSMC plant, it won't be able to use the plant the way Taiwan does," David said. "But it would deny its use to others, and that would be devastating to the world economy. Several percentages of world GDP would drop as a result." Analysts worry that even the threat of invasion could destabilize markets. Blockades or gray zone tactics by Beijing, short of all-out war, could still limit Taiwan Semiconductors' ability to export. "Any erosion in Taiwan's ability to trade with the rest of the world would have a significant impact on the global economy," said Jack Burnham, a research analyst at the Washington-based Foundation for Defense of Democracies. "It would disrupt the flow of semiconductors to a variety of different industries that are incredibly valuable to the United States, its allies and partners, and the global community." Taiwan has long been one of the most contentious issues in United States-China relations. After the Chinese Civil War, the Nationalist government fled to Taiwan in 1949, and the Chinese Communist Party established the People's Republic of China on the mainland. Since then, Beijing has claimed Taiwan as an inalienable part of its territory. In 1979, the United States. ended formal diplomatic recognition of Taipei in favor of Beijing, but passed the Taiwan Relations Act, which commits the United States to help Taiwan maintain a "sufficient self-defense capability." The United States, though, has remained deliberately vague about whether it would come to Taiwan's defense in the event of a Chinese invasion -- a policy known as strategic ambiguity. But as threats of an invasion increased, this stance continued to be tested. In a speech in Singapore last month, Defense Secretary Pete Hegseth vowed that "devastating consequences" could result should China seek to "conquer" Taiwan, warning that an invasion could be "imminent." Beyond semiconductor and chips manufacturing, Taiwan remains a core interest in the Indo-Pacific region. The island sits at the heart of the "first island chain," a line of U.S.-aligned territories stretching from Japan to the Philippines. If China were to take over Taiwan, experts warned it could use the island as a launchpad to project power deep into the Pacific, posing a direct challenge to U.S. interests. "Should China be successful [in a reunification scenario], it would have a significant impact on the lives of everyday Americans -- both in their wallets and in the political situation they find themselves in," Burnham said. "What's at stake when it comes to Taiwan is the free flow of trade, a significant part of the American economy, and the health and stability of the United States' key allies and partners in the region." Copyright 2025 UPI News Corporation. All Rights Reserved.
