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Share link:In this post: China will impose up to 34.9% tariffs on EU brandy starting July 2025, but major French cognac brands like Hennessy and Rémy Martin can avoid them by agreeing to minimum price terms. The move follows a year-long investigation, seen as retaliation for EU tariffs on Chinese EVs. Industry leaders prefer the price deal over full tariffs, though some worry it may lead to slight price hikes.
Share link:In this post: The Trump administration is considering export controls on Malaysia and Thailand to prevent chip smuggling. The Commerce Department claimed it would formulate a strategy to replace the AI diffusion rule. Jensen Huang believes there’s no chip diversion.
Share link:In this post: The European Commission has rejected calls from major tech firms to delay its AI Act. It confirmed that the legislation will proceed on its original timeline with no pause or grace period. Provisions for general-purpose AI models begin in August 2025, and high-risk AI obligations will follow in August 2026.
