The Trump administration has announced a 25% tariff on up to 50 billion dollars worth of Chinese imports, instantly escalating a trade dispute between the world’s two largest economies.China’s government responded quickly by announcing it will immediately impose penalties of “equal strength” on US products.The Commerce Ministry said it is also scrapping deals to buy more American farm goods and other exports as part of efforts to defuse a sprawling dispute over its trade surplus and technology policy.A ministry statement gave no details, but a 50 billion dollar list of possible targets announced in April included soybeans, light aircraft, orange juice, whiskey and beef. Much of the impact would fall on Mr Trump’s rural supporters.“The Chinese side doesn’t want to fight a trade war, but facing the shortsightedness of the US side, China has to fight back strongly,” the statement said.“We will immediately introduce tax measures of … [Read more...] about US tariffs on Chinese imports escalate trade dispute
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As Facebook CEO Mark Zuckerberg prepared for his appearance before Congress this week, he is unlikely to have anticipated facing so many questions about Diamond and Silk. The Silicon Valley giant - quizzed by members of the House Commerce Committee over his company's role in the Cambridge Analytica data scandal and the social network's vulnerability to exploitation - was asked repeatedly about the Republican commentators and accused of banning their videos for political ends. "Why is Facebook censoring conservative bloggers such as Diamond and Silk? Facebook called them 'unsafe' to the community. That is ludicrous. They hold conservative views. That isn’t unsafe," said Representative Joe Barton, a Texas Republican, reading aloud a message from a constituent. Read more Fact-checking some of Zuckerberg's strangest claims to US politicians Mr Zuckerberg responded by explaining that, "in that specific case, our team made an … [Read more...] about Diamond and Silk: Who are the Donald Trump super-fans and why are they angry with Facebook?
WASHINGTON-Agence France-Presse As U.S.-China trade tensions ratchet up, the technology sector is fretting over the potential for collateral damage to one of America’s most important export industries. The tech industry is not directly affected by the new tariffs unveiled by the Trump administration which aim to target Beijing for unfair trade practices failure to protect intellectual property. But some industry leaders fear tech will be dragged into the dispute, with the potential to impact the estimated $3 trillion industry in which the U.S. and China are key players. “As trade wars escalate, they are not controllable, they are not predictable,” said Ed Black, president and chief executive of the Computer & Communications Industry Association, which represents major tech firms such as Amazon, Facebook, Google and Netflix. “There is always collateral damage.” Black said the U.S. administration “correctly identified some of the … [Read more...] about Tech sector frets as US-China trade tensions simmer
China’s lead in AI will likely occasion more clashes between Chinese firms and foreign regulators, write Marion Laboure, Haiyang Zhang, and Juergen Braunstein.In the future, if not already, the Silicon Valleys of artificial intelligence (AI) will be in China. The tech firms Xiaomi, Baidu, Didi Chuxing, Meituan, and Toutiao are all headquartered in Beijing. Alibaba, China’s e-commerce giant, is based in Hangzhou.And Tencent, a multinational conglomerate that is investing heavily in AI, is in Shenzhen. Tencent already has a market capitalisation higher than General Electric, and Baidu is larger than General Motors.China has a chance to lead in AI because it has managed to adopt new technologies quickly. Just as millions of consumers in India went directly from no phones to smartphones — skipping landlines and flip phones altogether — Chinese consumers are now doing the same, and across a range of new technologies.For example, Chinese shoppers have … [Read more...] about Silicon China on the rise but expansions may cause dilemmas
Hours before YouTube employees were sent fleeing from a shooter on their campus, the suspected assailant practised her aim at a shooting range. Soon after suspect Nasim Najafi Aghdam visited the gun range, authorities said, she strode into the video streaming giant’s headquarters and opened fire with a legally obtained Smith and Wesson semiautomatic handgun before fatally shooting herself. An emerging timeline suggests that Ms Aghdam travelled from southern California to Silicon Valley in the days before the shooting, propelled by a sense of grievance at YouTube. Read more Senior YouTube and Google staff respond to attack at headquarters Who was suspected YouTube shooter and what were her beliefs? How YouTube can restrict video views and demonetise content creators “It is believed the suspect was upset with policies and practices of YouTube”, San Bruno police chief Ed Barberini told reporters. “This appears to have been the motive … [Read more...] about Nasim Aghdam: YouTube shooting suspect visited firing range hours before attack on California campus