Donald Trump said the American film industry is dying and plans to introduce a 100% duty on all films produced abroad. Hollywood producers are calling for increased state tax breaks.
The US President stated that his team has exceeded 80% of political appointments in key ministries. He emphasized that the administration has broken the records of previous governments.
The Trump administration is imposing a 25% duty on imports of beer and empty aluminum cans from April 4. This decision will affect beer imports of $7.5 billion, where Mexico is the leader.
Canada considers the new US tariffs on steel and aluminum unjustified and is preparing retaliatory measures. Minister Champagne announced a “clear and measured” response, while Chrystia Freeland called for a “dollar-for-dollar” response.
The US President signed a decree to create a state investment fund within 12 months. The fund can be used to acquire TikTok and other national projects.
The US is preparing to reintroduce duties on steel and aluminum imports, which will affect millions of tons of metal. Analysts warn of a possible rise in domestic metal prices for local buyers.
The United States has initiated an investigation into China's anti-competitive actions in the semiconductor industry. The investigation is focused on “core” semiconductors and may lead to new trade restrictions.
The US Department of Commerce is introducing new rules for controlling the export of semiconductor technologies to China. The restrictions apply to 24 types of hardware, 3 types of software, and 140 Chinese companies.
The CSI Semiconductor index rose 6% after the US banned TSMC's advanced chips from being shipped to China. This may accelerate the development of China's own semiconductor production.
The White House has called on Turkey to stop exporting American goods to Russia that could be used for military purposes. The US is threatening consequences if Ankara does not take steps to stop the illegal trade.
China has significantly reduced the volume of semiconductor supplies to russia after the new US sanctions. From January to may 2024, the supply of advanced components through Hong Kong fell by 28%, and through mainland China - by 19%.