The Latest Breaking News from the US Commerce Department

The U.S. Commerce Department has announced a significant increase in tariffs on steel and aluminum for over 400 products, including wind turbines, railcars, and electric vehicle (EV) parts.

This week, the alleged Galaxy Z Fold 7 shows up unboxed, Nothing Phone 3 launches with its unique design, OnePlus is under fire for allegedly collecting personal information, Meta's next-gen Ray-Ban 'Hypernova' glasses leak, and One UI 8 may have tipped the existence of a Samsung tri-fold.

It turns out that TSMC did not voluntarily stopped supply of advanced AI processors, it was told to by the American government.

Last month, the US Commerce Department proposed a new rule prohibiting the sale and import of connected cars from China and Russia into the United States. If it passes, Polestars says the rule could prevent it from selling the vehicles it builds in South Carolina in America.

It seems like the competitiveness in the electric vehicle space is finally paying off as battery-powered cars are finally getting cheaper to make. Battery costs are dropping, material costs are down too, and even the average transaction price of new vehicles seems to be stabilizing a bit (although they're still high).

The United States and China on Tuesday raised concerns about trade between the world's two biggest economies, with China's commerce minister urging Washington to lift sanctions on his country's firms "as soon as possible".

A Biden administration official said the rules proposed on Monday will amount to a total ban on vehicles from China.

The United States on Thursday banned Russia-based cybersecurity firm Kaspersky from providing its popular antivirus products in the country on national security grounds, the US Commerce Department announced.

Vladimir Putin lauded the success of ‘our Chinese friends’ at global forum, while Xi Jinping spoke out against international sanctions and ‘decoupling’