
South Korea Flags Concerns Over US Chip Levy Uncertainties
Speaking to local reporters, Yeo flagged the concerns over the sectoral duties likely to be imposed on chips, adding that the government is working urgently to minimize separate across-the-board tariffs scheduled to take effect on Aug. 1. Yeo indicated that any final deal needed to factor in the chip tariffs, too.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Nissan mulls making rebadged pickups for Honda in the US
Nissan Motor is considering supplying US-made vehicles to Honda Motor for sale in the US, as the two Japanese automakers look to continue strengthening their global collaboration. According to local reports, Nissan is considering producing rebadged versions of its Frontier pickup trucks at its under-used plant in Canton, Mississippi, for Honda to sell in the US market. According to the source, this is just one of a number of possible deals that are being discussed by the two automakers. If it goes ahead, the deal would help alleviate for both companies the effects of the recently imposed 25% import tariffs by the US government, by increasing the proportion of US-made vehicle sales locally. The deal would also help Nissan improve profitability by increasing capacity utilisation at the Canton plant, while also allowing Honda to expand its passenger vehicle line-up to include pickup trucks – one of the US' most popular vehicle segments. Nissan recently agreed to produce a rebadged version of its Rogue SUV in the US for Mitsubishi Motors, with sales scheduled to start later this year, as well as its next generation Leaf battery electric vehicle (BEV) from the second half of 2026. Nissan and Honda are also understood to be discussing collaborating in other vehicle segments, as well as software. "Nissan mulls making rebadged pickups for Honda in the US" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
27 minutes ago
- Yahoo
China Clears Synopsys's $35 Billion Ansys Buyout in US Win
(Bloomberg) -- Synopsys Inc. has secured China's approval to buy out Ansys Inc. for $35 billion, a major win for a company regarded as key to helping sustain US dominance of certain aspects of semiconductor technology. Why Did Cars Get So Hard to See Out Of? How German Cities Are Rethinking Women's Safety — With Taxis Philadelphia Reaches Pact With Workers to End Garbage Strike Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests The State Administration for Market Regulation gave the acquisition a green light, with certain conditions, the agency said in a statement. Among other things, the Chinese watchdog mandated that Synopsys cannot reject requests from customers to renew their contracts. Washington this year briefly considered limiting Synopsys and its rivals from dealing with Chinese clients on the grounds of national security. Synopsys and Cadence Design Systems Inc. — the two American firms that dominate the global market for software tools used to design chips — got drawn into the Washington-Beijing trade war this year. The US imposed a licensing requirement that would've limited exports of their products, part of its response to Beijing's limits on rare earths, before abruptly lifting that mandate weeks later. Following Beijing's decision, Synopsys has cleared one of the last major hurdles to a deal to intended to shore up its market position. The buyout, announced in early 2024, was already approved by European and US authorities. In June, reports emerged that Chinese officials were delaying it in part because of escalating tensions over Washington's chip sanctions. Synopsys shares rose as much as 3.7% in premarket trading on Monday. They have risen about 15% so far this year. US companies seeking Chinese antitrust approval — particularly for deals in the tech sector — are often caught in the middle of geopolitical disputes between the countries. The companies needed Beijing's sign off because China is one of the world's largest semiconductor markets. In 2018, US-based Qualcomm Inc. scrapped a $44 billion bid for Dutch chipmaker NXP Semiconductors NV after failing to secure a nod in time. As recently as 2023, Intel Corp. abandoned its proposed $5.4 billion acquisition of Tower Semiconductor Ltd. for the same reason. Broadcom Inc.'s $61 billion merger with software maker VMware Inc. eventually went through, although investors remained on edge throughout the process due to speculation that China would hold up the deal. (Updates with premarket shares) 'Our Goal Is to Get Their Money': Inside a Firm Charged With Scamming Writers for Millions Trump's Cuts Are Making Federal Data Disappear Trade War? No Problem—If You Run a Trade School Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot Will Trade War Make South India the Next Manufacturing Hub? ©2025 Bloomberg L.P.
Yahoo
28 minutes ago
- Yahoo
Trump to Send Patriots to Ukraine, US ‘Not Paying' for Them
(Bloomberg) -- President Donald Trump said the US will send more Patriot air-defense batteries to Ukraine in an apparent shift to a more confrontational stance toward Russia after his attempts to negotiate a ceasefire failed. Why Did Cars Get So Hard to See Out Of? How German Cities Are Rethinking Women's Safety — With Taxis Philadelphia Reaches Pact With Workers to End Garbage Strike Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests 'I haven't agreed on the number yet, but they are going to have some,' the president told reporters Sunday on his way back to the White House. 'We will get them Patriots, which they desperately need.' The announcement sets the scene for what Trump described would be his 'major statement' on Russia on Monday as Moscow steps up airstrikes against Ukraine. The US president has grown increasingly exasperated with Russian President Vladimir Putin's intransigence in talks to end the war, which is currently in its fourth year. But it wasn't immediately clear whether the statement is going to include a promise of any fresh military aid beyond potentially using the $3.8 billion left from the package approved under the previous administration of President Joe Biden. A new sanctions bill against Russia has also been making its way through Congress. Trump said the US 'is not paying anything' for the potential supply of the new batteries, which he said will be financed by the European Union. Last week he said it would be NATO that will pay for 'those weapons, 100%.' A single Patriot battery system could cost more than $1 billion with missiles an additional around $4 million each. The US wants to make a lot more weapons available to Ukraine, but also wants other, non-US funding, according to a senior NATO official, who asked not to be identified in order to speak more freely. The North Atlantic Treaty Organization would play the role of a coordinator with individual member states making the purchases, the person said. NATO Secretary General Mark Rutte is going to meet with Trump on Monday during a two-day visit to Washington after they spoke by phone on Thursday. German Defense Minister Boris Pistorius is also due in the US capital. Berlin is in talks with the Trump administration to provide Ukraine with two additional Patriot systems and cover the full costs for the much-needed deliveries. The move signals a change of heart for Trump, who had held off approving any new weapons shipments to Ukraine since the start of his second term. Instead, he had sought to coax Putin to the negotiating table, arguing that he could get a halt to the conflict where Biden had failed. Trump had previously refused to consider seeking additional funds, arguing that it would only harden Putin's stance and dim chances to end the fighting. The US president lashed out at his Russian counterpart last week after Putin repeatedly hit Ukrainian cities with a record number of drones and missiles and sidestepped calls for a ceasefire. Trump's latest plan to send more military aid to Ukraine comes after the Pentagon earlier this month unexpectedly paused some key weapon shipments, citing low stockpiles. Ukrainian President Volodymyr Zelenskiy said Friday that the US had resumed shipping the aid. Trump added that he is very disappointed with Putin. 'He talks nice and then he bombs everybody in the evening,' he said. He declined to say last week whether his announcement would include new sanctions. However, Trump said he expected the Senate to pass a tougher Russia sanctions bill sponsored by a close ally, Senator Lindsey Graham of South Carolina. The legislation would give Trump discretion to hit US trading partners including China and India with 500% tariffs on their products if they make any purchases of Russian oil, gas or other products under sanctions, potentially wreaking havoc on the oil market. 'A turning point regarding Russia's invasion of Ukraine is coming,' Graham said on CBS's Face the Nation on Sunday. 'I expect, in the coming days, you will see weapons flowing at a record level to help Ukraine defend themselves' and 'that there will be tariffs and sanctions available to President Trump he has never had before.' During his presidential campaign and his first months in office, Trump had cast Zelenskiy as the obstacle to peace, and bemoaned the US military and financial support his country has received. In February, he derided the Ukrainian leader as a 'modestly successful comedian' and a 'dictator.' The halt on weapons had provoked fears that the US was backing away from Ukraine for good and unwilling to intervene to repel Russia's slow but steady advance. Zelenskiy said an earlier meeting with US and European allies in Rome stoked optimism that Trump would ramp up military aid to the war-battered country, including air defense. The meeting of the so-called coalition of the willing — which included US special envoy for Ukraine Keith Kellogg — came hours after another deadly Russian drone-and-missile assault on Kyiv. The Ukrainian leader said he'd had a 'positive dialogue' with the US president over the delivery of more Patriots. Kellogg arrived in Kyiv on Monday. He will meet the Ukrainian army chief, the head of the Security Service of Ukraine and intelligence officials in Kyiv during his visit to discuss further aid, Zelenskiy said in his evening address on Sunday. --With assistance from Nick Wadhams and Andrea Palasciano. (Updates with additional details and comments starting in the fifth paragraph.) 'Our Goal Is to Get Their Money': Inside a Firm Charged With Scamming Writers for Millions Trump's Cuts Are Making Federal Data Disappear Trade War? No Problem—If You Run a Trade School Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot Will Trade War Make South India the Next Manufacturing Hub? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data