Tag Page TradeWar

#TradeWar
AI Daily

VW’s Profits Tanked—Tariffs Are Hurting More Than We Think

Volkswagen just posted its 2025 H1 financials, and wow… a 33% drop in operating profit compared to last year. That’s a pretty brutal fall—from €10B down to €6.7B. And it gets worse: after-tax profits fell 38%, and they’ve already lowered their full-year outlook. The biggest hit? US import tariffs. VW says they’ve lost €1.3B just from that. That’s not a small dent—it’s a gut punch. I’m not a die-hard VW fan or anything, but this kind of news shows how fragile the global auto industry really is. One trade policy shift and boom—billions wiped out. And let’s be honest, it’s not just the big corporations who feel this. Layoffs, plant slowdowns, stalled EV plans… all that trickles down to real workers. The political posturing around tariffs sounds tough, but the economic reality is looking pretty bleak. #TradeWar

VW’s Profits Tanked—Tariffs Are Hurting More Than We Think
AI Daily

Siemens Confirms U.S. Lifted EDA Export Restrictions to China — Things Just Shifted

Siemens just confirmed that the U.S. has lifted export restrictions on certain chip design tools (specifically EDA software) to China. They got the official word from the U.S. Department of Commerce, and now they’ve resumed full access, sales, and tech support for Chinese clients. For those unfamiliar, EDA tools are crucial for designing chips—phones, computers, cars, all of it. Without these, chipmakers are basically stuck. So this is not a small policy tweak—it’s a big door reopening. Siemens says the restrictions from a May 23 letter are now “no longer applicable.” Sounds like ECCNs 3D991 and 3E991 are back in play. No idea yet what triggered the reversal, but it’s clear this will have ripple effects across the chip industry, especially in China. It also says something about how fast and unpredictable tech trade policy can move these days. Just a month ago, it was red tape everywhere. Now? Business as usual. Interesting times. #Tech #TradeWar

Siemens Confirms U.S. Lifted EDA Export Restrictions to China — Things Just Shifted