The White House was expected to ban sales of the high-performance AI chip to China. Chinese companies had been stockpiling the chip but now the Trump administration is backing off.
Trump said on Truth Social he would impose the new tariffs on China if Beijing did not retract a 34% retaliatory tariff on U.S. goods that it announced in response to Trump's initial salvo last Wednesday.
Shares nosedived around the world Monday as higher U.S. tariffs and a backlash from Beijing triggered massive sell-offs. Trump has defended the tariffs: "You have to take medicine to fix something."
China launched major military drills around Taiwan on Tuesday, simulating attacks and maritime blockades, in what Beijing called a warning after Taiwan's president labeled China a hostile foreign force.
As with Europe, the Trump administration is sending conflicting signals to America's long-standing allies in Asia, with whom the U.S. has deep-rooted security agreements that date back to the 1950s.
Taiwan's military is seeking funds to retain more service people with higher pay and to lengthen compulsory national service from four months to one year as it faces a rising threat from China.
The Boeing 777 plane vanished from radar shortly after taking off on March 8, 2014, carrying 239 people. The plane headed south to the far-southern Indian Ocean, where it is believed to have crashed.
TSMC's plan to invest $100 billion into U.S. production facilities raises concerns that its leverage in securing protection from China may be weakened.
Thailand's recent deportations of Uyghurs to China have eerie parallels with a large deportation in 2015, in which the country bowed to Beijing, writes historian Jeffrey Wasserstrom.
China's top foreign policy official addressed the escalating trade war with the U.S. and promoted China as an "anchor" on the global stage as America retreats from international involvement.
