Move to raise levy on goods made with polysilicon aims to protect domestic US supply chains from China, the major producer

Donald Trump has ordered a new 15% tariff on imported products made of polysilicon, an important ingredient in microchip manufacturing that is primarily produced by China.

The new tariff, which will take effect on 4 December, is aimed at supporting US chip and solar panel supply chains to compete with Beijing on artificial intelligence and energy.

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© Photograph: AFP/Getty Images

© Photograph: AFP/Getty Images

© Photograph: AFP/Getty Images

Move to raise levy on goods made with polysilicon aims to protect domestic US supply chains from China, the major producer

Donald Trump has ordered a new 15% tariff on imported products made of polysilicon, an important ingredient in microchip manufacturing that is primarily produced by China.

The new tariff, which will take effect on 4 December, is aimed at supporting US chip and solar panel supply chains to compete with Beijing on artificial intelligence and energy.

Continue reading...

© Photograph: AFP/Getty Images

© Photograph: AFP/Getty Images

© Photograph: AFP/Getty Images

Profit jump fuelled largely by unknown US refund amount as Japanese video game firm records quarterly sales drop

Nintendo has reported a jump in profits, as the Japanese game maker’s earnings were buoyed up by a long-awaited refund on Donald Trump’s tariffs.

The company said profits surged 53.5% to ¥147.4bn (£694m) over the three months to June, substantially beating expert forecasts for ¥77.8bn.

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© Photograph: Richard A Brooks/AFP/Getty Images

© Photograph: Richard A Brooks/AFP/Getty Images

© Photograph: Richard A Brooks/AFP/Getty Images

Since President Trump's tariff announcement on April 2, 2025, global stock markets have declined, while gold emerged as a safe haven, still rising 14.5% in the past 3 months despite overall market losses, challenging its "pet rock" label.