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French cognac brands can avoid China’s full tariffs on one condition
French cognac brands can avoid China’s full tariffs on one condition

Share link:In this post: China will impose up to 34.9% tariffs on EU brandy starting July 2025, but major French cognac brands like Hennessy and Rémy Martin can avoid them by agreeing to minimum price terms. The move follows a year-long investigation, seen as retaliation for EU tariffs on Chinese EVs. Industry leaders prefer the price deal over full tariffs, though some worry it may lead to slight price hikes.

Cryptopolitan·2025/07/04 23:20
US weighs AI chip export curbs on Malaysia and Thailand
US weighs AI chip export curbs on Malaysia and Thailand

Share link:In this post: The Trump administration is considering export controls on Malaysia and Thailand to prevent chip smuggling. The Commerce Department claimed it would formulate a strategy to replace the AI diffusion rule. Jensen Huang believes there’s no chip diversion.

Cryptopolitan·2025/07/04 23:20
European Commission dismisses calls to pause AI law, sticks to original timeline
European Commission dismisses calls to pause AI law, sticks to original timeline

Share link:In this post: The European Commission has rejected calls from major tech firms to delay its AI Act. It confirmed that the legislation will proceed on its original timeline with no pause or grace period. Provisions for general-purpose AI models begin in August 2025, and high-risk AI obligations will follow in August 2026.

Cryptopolitan·2025/07/04 23:20
Flash
05:44
The US dollar against the Swiss franc is fluctuating upwards; the Swiss National Bank will announce its interest rate decision on Thursday: how much longer can 0% be maintained?
The US dollar against the Swiss franc is fluctuating higher, with the Swiss National Bank set to announce its interest rate decision on Thursday: How long can 0% be maintained?
05:37
Reserve Bank of Australia Governor: It is too early to determine whether a cooling real estate market will be helpful for policy decisions.
Reserve Bank of Australia Governor: It is still too early to determine whether the cooling of the real estate market will be helpful for policy decisions
05:37
Analyst: Bank of Japan May Still Intend to Raise Interest Rates Further
On June 16, Takashi Fujiwara, Chief Fund Manager at Resona Asset Management, stated that the Bank of Japan clearly indicated in its statement that short- to medium-term real interest rates are negative. This may suggest that the Bank of Japan does not want long-term bond yields to rise further. At the same time, it could also be a signal from the Bank of Japan: if short- to medium-term rates remain low, companies can easily raise funds and may expand their businesses into higher-risk areas. The Bank of Japan discussed the economy and prices in parallel in its statement. This may imply that the Bank of Japan has a willingness to raise interest rates further. Even if price increases slow down due to the reopening of the Strait of Hormuz, the Bank of Japan can still use economic growth as a justification for rate hikes.
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