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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 and US Set to Finalize $8.5 Billion Chips Funding by Year-End

Intel Corp and the US government are expected to finalize $8.5 billion (RM35 billion) in direct funding for the chipmaker by the end of 2024, according to a report by the Financial Times. The discussions, while in advanced stages, have not yet guaranteed a final agreement by the year’s close, with potential risks arising from any takeover of Intel’s business.


The funding will be part of US President Joe Biden's push to enhance domestic semiconductor production, with Intel having already been awarded nearly $20 billion in grants and loans in March. This package includes $8.5 billion in grants and up to $11 billion in loans, aimed at supporting Intel's plans to build two new factories and modernize an existing one in Arizona.

The discussions come amid Intel's challenges in the chipmaking industry, having lost its edge to Taiwan Semiconductor Manufacturing Co (TSMC) and missed out on the booming market for generative artificial intelligence chips dominated by Nvidia and AMD. Additionally, Qualcomm has expressed interest in exploring a potential acquisition of part or all of Intel's business.

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