BusinessGovernmentTechnology

US-China Trade Officials Race to Salvage Trump-Xi Summit in Malaysia Talks

Senior US and Chinese officials are engaged in critical negotiations in Malaysia to prevent a major escalation of the trade war. The talks aim to salvage next week’s planned meeting between Presidents Trump and Xi amid threats of new 100% tariffs and expanded export controls.

Emergency Diplomacy as Deadline Looms

Top economic officials from the United States and China have reportedly launched emergency talks in Kuala Lumpur this weekend, racing against the clock to prevent a dramatic escalation of their ongoing trade war. According to sources familiar with the negotiations, the discussions represent a critical effort to salvage next week’s planned meeting between U.S. President Donald Trump and Chinese President Xi Jinping.

BusinessManufacturingTechnology

Rivian Announces Workforce Reduction Affecting Over 600 Employees Amid EV Market Pressures

Rivian Automotive is reportedly preparing to lay off more than 600 workers as the electric vehicle manufacturer confronts increasing market headwinds. The cuts would affect approximately 4% of the company’s workforce, with details expected to be shared with employees this week. The move comes as EV makers face a shifting regulatory landscape and changing market conditions.

Major Workforce Reduction at Electric Vehicle Maker

Electric vehicle manufacturer Rivian Automotive is planning significant workforce reductions affecting more than 600 employees, according to reports from multiple financial news sources. The layoffs represent approximately 4% of the company’s total workforce, which stood at just under 15,000 employees at the end of last year.

BusinessTechnologyTrade

US Weighs Sweeping Software Export Restrictions Targeting China in Trade Escalation

The United States is reportedly weighing unprecedented export restrictions targeting products manufactured using American software in response to China’s rare earth export controls. This potential escalation could disrupt global technology supply chains and affect everything from consumer electronics to aerospace components.

Potential Software Export Restrictions

The Trump administration is reportedly considering sweeping restrictions on exports to China that contain or were produced using U.S. software, according to sources familiar with the matter. This potential move would represent a significant escalation in the ongoing trade tensions between the world’s two largest economies.

BusinessPolicyTrade

U.S. and India Near Major Trade Agreement With Tariff Reductions and Energy Policy Shifts

Reports suggest the U.S. may cut tariffs on Indian exports from 50% to 15%-16% as part of a new trade agreement. India is reportedly considering scaling back Russian oil purchases, a key U.S. demand, amid ongoing bilateral negotiations.

Potential Breakthrough in U.S.-India Trade Relations

According to recent reports from Indian media outlet Mint, the United States and India are nearing a significant trade agreement that could substantially reduce tariffs on Indian exports while addressing Washington’s concerns about New Delhi’s energy imports from Russia. Sources familiar with the negotiations indicate that both sides have made substantial progress after months of strained relations.