Synopsys logo is seen displayed on a smartphone with the flag of China in the background. Sopa Images | Lightrocket | Getty Images The U.S. government has rescinded its export restrictions on chip design software to China, U.S.-based Synopsys announced Thursday. “Synopsys is working to restore access to the recently restricted products in China,” it…
A customer shops for a purse in a Macy’s store on March 25, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images The impact of President Trump’s tariffs on prices throughout the economy is expected to increase over the summer. At U.S. department store chains including Macy’s, Nordstrom, and Dillard’s, the…
The EU and US flags flutter next to the military hub for Ukraine, in Jasionka, south-east Poland on March 6, 2025. Sergei Gapon | Afp | Getty Images The clock is ticking in trade talks between Washington and the European Union, with European officials now saying their best hope is striking a “political” deal before…
Packages ride on a conveyor belt during Cyber Monday at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty Images The e-commerce sector is experiencing its most disruptive period in more than a decade as a result of President Trump’s trade war and tariffs policy, according to…
The White House will likely ask more countries to drop their digital services taxes as part of ongoing trade talks, a senior Trump administration official said Monday after Canada rescinded its DST over the weekend. “My expectation is that the digital services taxes around the world will be taken off, and that that will be…
Albany Times Union/hearst Newspapers | Hearst Newspapers | Getty Images On the surface of the U.S. economy, prices are higher. The latest inflation data out on Friday from the government showed a bigger uptick than forecast. On Thursday, Nike said it took a $1 billion hit due to tariffs and the fact that price increases…
China’s dominance of the global supply chain is starting to hurt automakers. On April 4, the country cut off exports of a class of minerals called “heavy rare earth elements,” and it sent the global auto industry into a panic. Rare earths are a class of 17 elements that have become indispensable in all kinds…
Prime Minister Keir Starmer speaks during a visit to a Jaguar Land Rover car factory on April 7, 2025 in Birmingham, United Kingdom. Wpa Pool | Getty Images News | Getty Images LONDON – The U.K.-U.S. trade deal comes into play on Monday, giving a preferential tariff rate to British cars imported to America, while…
U.S. President Donald Trump is greeted by Prime Minister of Canada Mark Carney, as he arrives at the G7 leaders’ summit in Kananaskis, Alberta, Canada June 16, 2025. Stefan Rousseau | Via Reuters Canada has walked back on its digital services tax “in anticipation” of a mutually beneficial comprehensive trade arrangement with the United States,…
