
Chinese Firms Boost Exports to UK as Trump Tariffs Shift Trade
Official data from both nations point to a pick-up in the value of Chinese exports to the UK after the US president slapped hefty duties on products from the world's second-largest economy before recently reducing them. Exports of small parcels and electronics have jumped in a sign of possible rerouting to avoid the US tariffs.
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DeepSeek Pushes Out V3.1 Update as Nvidia Dominates AI Hardware
China's DeepSeek just pushed out an update to its flagship AI model, showing it's not backing down in the global AI race. The new version, V3.1, comes with a longer context window essentially letting the model remember and process more information in a single query. The company made the announcement on its official WeChat account Tuesday. Warning! GuruFocus has detected 5 Warning Signs with NVDA. It's a timely move. Back in January, DeepSeek's R1 model shook U.S. markets, catching traders off guard and underscoring China's ambition to build its own AI champions. But while U.S. rivals like Nvidia (NASDAQ:NVDA) keep surging ahead powering everything from ChatGPT to cloud supercomputers DeepSeek has struggled to get its hands on the high-end processors needed to train bigger, faster models. That's partly why its next big model, R2, remains delayed. Even so, V3.1 shows DeepSeek is still iterating quickly, despite supply hurdles. It's a reminder that while Nvidia dominates the hardware side of AI, Chinese firms are racing to prove they can innovate on the software side and keep the pressure on U.S. players. This article first appeared on GuruFocus.
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Don't buy claims Trump runs a White House MAGA gift shop
In August 2025, after European leaders joined Ukrainian President Volodymyr Zelenskyy for a meeting with U.S. President Donald Trump at the White House to discuss an end to the war in Ukraine, a photo circulated that social media users claimed (archived, archived) depicted Trump showing Zelenskyy and France's President Emmanuel Macron his White House Make America Great Again gift shop. The photo showed Trump, Zelenskyy, Macron and an unidentified man in front of a shelf of neatly arranged hats and other items. The hats bore slogans including "Make America Great Again," "Trump 2028," "4 More Years" and "Gulf of America." "Make America Great Again" was a term popularized by Trump during his first and second presidential election campaigns. One X user whose post had more than 600,000 views at the time of this writing posted the photo with the caption, "Embarrassing….Trump showed Zelenskyy and Macron his MAGA gift shop at the White House" (X user @WUTangKids) The claim that the photo depicted Trump showing off a gift shop also circulated on Facebook (archived), Threads (archived), Instagram (archived) and Bluesky (archived). Snopes readers wrote in to ask if the claim was true. The photo of Trump, Zelenskyy and Macron was authentic and originally posted (archived) to X by Margo Martin, one of Trump's communications advisers. Martin identified Macron, who stood with his back to the camera in the photo. However, we found no evidence to support the accompanying claim that hat Trump was running a MAGA gift shop out of the White House. It was unclear where exactly Martin took the photo, though official photographs from the Aug. 18, 2025, meeting indicated that the leaders met at the White House. The Trump Organization, Trump's business managed by his sons Eric and Donald Jr., has an online merchandise store as of this writing that sells some of the items seen in Martin's photo, though the company does not appear to have a White House branch. The White House does have an official gift shop that supports injured Secret Service members and charitable causes. That shop does not sell hats like the ones seen in Martin's photo. Snopes contacted the White House to ask if Martin's photo showed a MAGA gift shop inside the White House as social media users claimed, and we await a reply. The Aug. 18, 2025, meeting with European leaders and Zelenskyy was not the first time Trump showed off the collection of merch to guests visiting the White House. Trump hosted Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan at the White House on Aug. 8, 2025, as the pair signed a joint declaration of peace in the long-running conflict between the countries. Shortly thereafter, a video (archived) circulated online that featured Trump showing off the same collection of merch from Martin's photo to Aliyev. In the footage, Trump handed one item to Aliyev saying it was "for your wife." After showing off his "Trump 2028" and "4 More Years" hats, Trump gestured toward the video recorder and said, "Fellas, grab what you want, it's OK." The video from Aliyev's visit appeared to indicate that Trump kept a stock of his merch to give to guests as gifts rather than to run an official store. "Trump 2028" and "4 More Years" were references to Trump's previous indications that he would like to run for a third term despite the Constitution's 22nd Amendment that barred any person from being "elected to the office of the President more than twice." Trump told NBC in March 2025 that "A lot of people want me to do it," referring to running for a third term and that "There are methods which you could do it." During a CNBC interview on Aug. 6, 2025, Trump said he would "probably not" run again though "I'd like to." Trump further told Aliyev on Aug. 8, 2025, while holding a "Trump 2028" hat, "Everybody wants me to run." "45 | 47 Collection." Trump Store, 94 Trump Zelenskyy Macron Photos & High Res Pictures - Getty Images. Accessed 19 Aug. 2025. "CNBC Transcript: President of the United States Donald Trump Speaks with CNBC's 'Squawk Box' Today." CNBC, 5 Aug. 2025, Donald J. Trump Collectibles & Gifts | Official White House Gift Shop. Accessed 19 Aug. 2025. KINNARD, MEG. "The White House Says It's a 'fact' That the Gulf of Mexico Has Been Renamed. Is That Right?" AP News, 7 Jan. 2025, KULLAB, SAMYA, and JOHN LEICESTER. "European Leaders to Join Ukraine's Zelenskyy for Meeting with Trump." AP News, 17 Aug. 2025, "President Trump Brokers Another Historic Peace Deal." The White House, 8 Aug. 2025, The History of the White House Gift Shop, Est. 1946 by Permanent Order of President H. S. Truman & U.S. Secret Service. Accessed 19 Aug. 2025. "Trump Won't Rule out Seeking a Third Term in the White House, Tells NBC News 'There Are Methods' for Doing So." NBC News, 30 Mar. 2025, "Twenty-Second Amendment." Constitution Annotated,
Yahoo
23 minutes ago
- Yahoo
Trump Attacks Smithsonian For Focus On 'How Bad Slavery Was' And, Boy, The Responses
Donald Trump was the subject of much internet mockery on Tuesday after he griped in a Truth Social post about the Smithsonian Institution (checks notes) portraying slavery as a bad thing. In the post, the president lashed out at America's museums for being 'the last remaining segment of 'WOKE,'' before singling out the Smithsonian as 'OUT OF CONTROL' for discussing 'how horrible our Country is, how bad Slavery was, and how unaccomplished the downtrodden have been,' but nothing about 'Success, nothing about Brightness, nothing about the Future.' Trump's animosity toward the Smithsonian is nothing new. Back in March, he issued an executive order that targeted the research institute for content he claimed promoted so-called 'divisive ideology.' But one person's 'divisive ideology' is most people's idea of accurate historical representation. So naturally, people blasted Trump for complaining about the Smithsonian putting slavery in a bad light. Related... Tim Walz's Response To Trump's Depressing Smithsonian Audit Plans Is Going Viral 'Everyone Is So Scared': Inside The Smithsonian As Trump Attacks Art, History MAGA Fitness Expert Crashes Out During CNN Talk About White People And Trump's History Revisions Trump Administration Seizes Editorial Power Over Smithsonian Museum Exhibits