Tariffs Could Create Opportunity for Chinese Tech, Investor Warns
The risk exists within some regions in Europe, where consumers might start turning more to Chinese tech if American products become too expensive as a result of trade wars, he said.
The president of the European Commission has vowed to respond to Trump's tariff plan, which included a 20% tariff on EU goods.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
SpaceX launches 28 Starlink satellites days after service outage
July 26 (UPI) -- SpaceX early Saturday launched another 28 Starlink satellites into low-Earth orbit from Florida, days after a short service outage hit the space-based internet provider. The Falcon 9 lifted off at 5:01 a.m. EDT from Cape Canaveral Space Force Station's Pad 40. The first-stage booster launched for the 22nd time, including Crew-6 and 17 previous Starlink missions. About 8 minutes after liftoff, the booster landed on "A Shortfall of Gravitas" drone ship stationed in the Atlantic Ocean. It was the 119th touchdown on the droneship and the 480th to date for SpaceX in Florida and California. This year, it was the 91st Falcon 9 launch, according to SpaceFlight Now. There are more than 8,000 Starlink satellites in orbit, according to astronomer Jonathan McDowell. On Thursday, Starlink users reported a rare full network outage of internet service. It began at 4 p.m. About 2 1/2 hours later, SpaceX announced most service had been restored. Then, 1 1/2 hours later, full service was back, Starlink reported. "The outage was due to failure of key internal software services that operate the core network," Michael Nicholls, vice president of Starlink Engineering at SpaceX wrote on X. "We apologize for the temporary disruption in our service; we are deeply committed to providing a highly reliable network, and will fully root cause this issue and ensure it does not occur again." There are more than 6 million Starlink customers worldwide, including 2 million in the United States after debuting in 2021. The next SpaceX launch is scheduled for 8:55 p.m. PDT Saturday from Vandenbrug Space Force Station's Pad 4E in California. An additional 24 Starlink satellites are scheduled for deployment.

Engadget
27 minutes ago
- Engadget
China calls for the creation of a global AI organization
China wants to work with other countries and has laid out its plans for the global governance of artificial intelligence at the World Artificial Intelligence Conference (WAIC) in Shanghai. Li Qiang, the country's premier, warned about "technological monopolies" and said that AI could become "an exclusive game for a few countries and companies." As such, he proposed the creation of a "world AI cooperation organization" during the event. Li didn't specifically mention the United States when he talked about monopolies, but the US restricts AI chip exports to his country. NVIDIA had to develop chips that are only meant for China and conform to export rules so it wouldn't lose the Chinese market completely. Meanwhile, Chinese companies like Huawei are developing their own AI systems to make up for China's lack of access to more advanced AI chips from American firms. Li also made the statement a few days after the Trump administration revealed its AI Action Plan, which seeks to limit state regulation of AI companies and which aims to ensure that the US can beat China in the AI race. The Chinese premier said his country would "actively promote" the development of open source artificial intelligence and that China is "willing to provide more Chinese solutions to the international community" when it comes to AI. He also said that his country was eager to share AI technologies with developing countries in the global south. "Currently, overall global AI governance is still fragmented. Countries have great differences, particularly in terms of areas such as regulatory concepts [and] institutional rules," Li said. "We should strengthen coordination to form a global AI governance framework that has broad consensus as soon as possible."


The Hill
27 minutes ago
- The Hill
Trump threatens to withhold trade deals from Thailand, Cambodia amid conflict
President Trump threatened to withhold potential trade deals from Thailand and Cambodia amid a border conflict that has displaced tens of thousands of civilians and left at least 32 people dead. Trump said on Saturday that he spoke with Cambodia's prime minister Hun Manet and that he called Thailand's acting Prime Minister Phumtham Wechayachai to 'request' a ceasefire and an end to the cross-border war. 'We happen to be, by coincidence, currently dealing on Trade with both Countries, but do not want to make any Deal, with either Country, if they are fighting — And I have told them so,' Trump wrote in a post on Truth Social. 'Many people are being killed in this War, but it very much reminds me of the Conflict between Pakistan and India, which was brought to a successful halt,' the president added, referring to U.S. efforts to help broker a ceasefire between India and Pakistan in May after the two exchanged tit-for-tat strikes. The conflict between Thailand and Cambodia has continued on Saturday, its third day. In Thailand, 19 people were killed, while in Cambodia, the death toll has reached 13, according to The Associated Press. The conflict has erupted after five Thai soldiers were wounded on Wednesday from a land mine explosion. In another Saturday post on Truth Social, Trump, who is visiting Scotland, said he had a 'very good conversation' with Wechayachai, Thailand's acting prime minister. 'Thailand, like Cambodia, wants to have an immediate Ceasefire, and PEACE. I am now going to relay that message back to the Prime Minister of Cambodia,' Trump wrote on Saturday. 'After speaking to both Parties, Ceasefire, Peace, and Prosperity seems to be a natural. We will soon see!' Trump's conversations with leaders of Cambodia and Thailand come as he has threatened to impose reciprocal tariffs on a host of countries, including the two currently at war. Both Bangkok and Phnom Penh would face a 36 percent reciprocal rate, which Trump and other administration officials said would go into effect on Aug. 1.