After averting the risk of a 100% tariff on its chip sales to the US, the world’s largest contract chipmaker now faces the threat of a $1 billion penalty from Washington

The yuan sank to its weakest level in more than 17 years on Wednesday with US-China trade tipped to be halved by new US tariffs, while US Treasuries were also subject to intense selling

China retaliated on Wednesday after the Trump Administration imposed a 104% tariff on Chinese goods – by hiking their levy on US exports to 84%.

Renewable power generation provided a record 32% of global electricity last year

Analysts said both sides seem "unwilling to back down" and they fear "the worst may be yet to come." In that event, China may move to boost domestic consumption, and start war games

Investor fears cooled on Tuesday after China and the EU pushed back against Trump's tariff threats, while advisers and US business leaders urged the President to target business deals

The Trump Administration was reportedly “hours away” last week from announcing its proposed spin off of TikTok US, until tariffs wrecked the deal

The Hang Seng saw its largest fall since 2008, while stocks in Japan and Taiwan were also hit hard. Over 50 nations are trying to negotiate smaller tariffs with the US

Trump on Wednesday announced China would be hit with a 34% tariff, on top of the 20% he previously imposed earlier this year

The US has imposed tariffs ranging from 10% to 49% on countries across Asia and the rest of the world – plus two uninhabited Australian islands near Antarctica. In Asia there are fears of a trade war and a recession

The orders for Nvidia's H20 chip - the most advanced semiconductor the group is permitted to sell to China – came in the first three months of this year, a report by The Information said

Pushback from the domestic auto lobby has been a key reason why the Indian government has, for months, delayed a reduction of import levies