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High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
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Intel to Cut Thousands of Jobs to Reduce Costs and Fund Rebound

Intel Corp plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses.

Key Points:

  • Job Reductions: The workforce reduction may be announced as early as this week, targeting Intel's 110,000 employees, excluding workers at units that are being spun out.
  • Earnings and Market Share: Intel aims to address its earnings slump and market share losses under CEO Pat Gelsinger, who is investing heavily in research and development to improve Intel’s technology.
  • Competitive Landscape: Intel's rivals, including Advanced Micro Devices Inc and Nvidia Corp, have gained market share, particularly in AI-related semiconductors. Intel is also dealing with fluctuating demand for chips used in laptops and desktop computers.
  • Strategic Shifts: Gelsinger has initiated plans to build factories for manufacturing semiconductors for other chipmakers. Recently, Intel hired Naga Chandrasekaran from Micron Technology Inc as chief global operations officer to oversee the company’s manufacturing efforts.
  • Previous Workforce Reductions: Intel reduced its workforce by about 5% in 2023, ending the year with 124,800 employees after announcing job cuts in October 2022. These cost reductions are expected to save as much as US$10 billion by 2025.
  • Financial Outlook: Analysts project that Intel's second-quarter revenue will be flat compared to a year earlier, with modest growth anticipated in the second half of 2024. Total sales for the year are expected to increase by 3% to US$55.7 billion, marking the first annual revenue increase since 2021.

Intel’s move to cut jobs and streamline operations reflects its strategy to regain industry leadership and bolster financial performance amid increasing competition and technological advancements in the semiconductor market.

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