China’s chipmakers bought $38 billion in U.S. and allied tools, a sign policy is failing, lawmakers find

Investing.comTuesday, October 7, 2025 at 5:54:55 PM
China’s chipmakers bought $38 billion in U.S. and allied tools, a sign policy is failing, lawmakers find
Recent findings reveal that China's chipmakers have spent a staggering $38 billion on U.S. and allied tools, raising concerns among lawmakers about the effectiveness of current policies aimed at curbing China's technological advancements. This significant investment indicates that despite efforts to restrict access to critical technology, China is finding ways to bolster its semiconductor industry, which could have long-term implications for global tech competition and national security.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Canada strengthens US travel advisory for second time in one month
NeutralFinancial Markets
Canada has issued a strengthened travel advisory for its citizens living in the U.S., marking the second update in just one month. This advisory reflects ongoing concerns about safety and security for Canadians abroad, emphasizing the importance of staying informed while traveling. Such measures are crucial as they help citizens make better decisions regarding their safety when living or visiting another country.
EU Proposes 50% Steel Tariffs, a Move to Counter Chinese Imports
PositiveFinancial Markets
The European Union has proposed a significant 50% tariff on steel imports, aiming to protect local industries from the influx of cheaper Chinese steel. This move is crucial as it seeks to level the playing field for European manufacturers, ensuring they can compete fairly and sustain jobs. By addressing the challenges posed by unfair trade practices, the EU is taking a proactive stance to bolster its economy and support its steel sector.
EIA hikes US oil output forecast, says oversupply will slash prices
NegativeFinancial Markets
The U.S. Energy Information Administration (EIA) has raised its forecast for oil production, indicating that an oversupply in the market is likely to lead to a significant drop in prices. This news is crucial as it highlights the ongoing challenges in the oil industry, where increased output could exacerbate price volatility, affecting both consumers and producers alike.
Without data centers, GDP growth was 0.1% in the first half of 2025, Harvard economist says
NegativeFinancial Markets
A Harvard economist has revealed that the U.S. experienced a mere 0.1% GDP growth in the first half of 2025, attributing this stagnation to the absence of data centers. This insight raises critical questions about the role of technology infrastructure in economic development, suggesting that without these vital hubs, the economy may struggle to thrive. Understanding this relationship is essential for policymakers and businesses as they navigate future investments and strategies.
Trump Halts Venezuela Talks as US Considers Cartel Targets on Land
NegativeFinancial Markets
President Donald Trump has decided to halt diplomatic talks with Venezuela, a move that aligns with Secretary of State Marco Rubio's hardline stance. This decision could escalate tensions further, as the U.S. considers military options against cartel targets in the region. The implications of this shift are significant, as it may lead to increased conflict and instability in Venezuela, affecting not only the country but also regional dynamics.
US natgas output and demand to hit record highs in 2025, EIA says
PositiveFinancial Markets
The U.S. Energy Information Administration (EIA) has projected that natural gas production and demand will reach record highs by 2025. This is significant as it reflects the growing reliance on natural gas as a key energy source, driven by factors such as increased industrial use and a shift away from coal. The anticipated growth in output and demand not only highlights the resilience of the U.S. energy sector but also suggests potential economic benefits and job creation in related industries.
BMW cuts 2025 earnings guidance on China slowdown, U.S. tariffs
NegativeFinancial Markets
BMW has revised its earnings guidance for 2025 downward due to a slowdown in the Chinese market and the impact of U.S. tariffs. This adjustment highlights the challenges the automotive industry faces in navigating international trade tensions and fluctuating demand in key markets. As BMW grapples with these issues, it underscores the broader economic uncertainties affecting global manufacturers.
Milei Running Short of Dollars as Argentina Awaits US Lifeline
NegativeFinancial Markets
Argentina is facing a critical financial situation as its Treasury rapidly depletes dollar reserves to support the peso, leaving only about $1 billion available. This is significant because it highlights the country's struggle to stabilize its economy and the urgent need for assistance from the US, which could impact both local and international markets.
BMW Lowers Annual Guidance On Weak China Sales, Tariff Costs
NegativeFinancial Markets
BMW has announced a reduction in its annual guidance due to ongoing weak sales in China, alongside increased costs related to tariffs and payments to dealers. This is significant as China is a crucial market for BMW, and these challenges could impact the company's overall performance and strategy moving forward.
Toyota to recall nearly 394,000 US vehicles over rearview camera issue, NHTSA says
NegativeFinancial Markets
Toyota is recalling nearly 394,000 vehicles in the US due to a rearview camera issue that could affect driver visibility. This recall is significant as it highlights ongoing safety concerns in the automotive industry and the importance of vehicle safety features. The National Highway Traffic Safety Administration (NHTSA) is overseeing the recall, ensuring that affected owners are informed and can take necessary actions to maintain safety on the roads.
Ray Dalio on Gold Prices, Fed Policy, Tariffs
PositiveFinancial Markets
Ray Dalio, the founder of Bridgewater Associates, recently shared his insights on the significance of including gold in investment portfolios, the Federal Reserve's monetary policy, and the economic challenges China is facing, particularly in light of tariffs affecting the American economy. His discussion with Bloomberg's Lisa Abramowicz at the Greenwich Economic Forum highlights the importance of strategic asset allocation in uncertain times, making it a relevant topic for investors looking to navigate the current economic landscape.
BOE Plans Carveouts on Stablecoin Cap After Industry Backlash
PositiveFinancial Markets
The Bank of England is responding to industry concerns by planning to allow exemptions on limits for stablecoin holdings by businesses. This shift indicates a more accommodating approach towards cryptoassets, especially as competition from the US intensifies. Such a move could foster innovation and growth in the UK crypto market, making it more attractive for businesses and investors alike.
Latest from Financial Markets
Tesla Reveals Cheaper Versions of Model Y and Model 3
PositiveFinancial Markets
Tesla has announced more affordable versions of its popular Model Y and Model 3, making electric vehicles more accessible to a wider audience. This move is significant as it aligns with the growing demand for sustainable transportation options and could potentially boost Tesla's market share in the competitive EV landscape.
Tesla unveils lower-cost Model Y in drive to reignite sales
PositiveFinancial Markets
Tesla has introduced a more affordable version of its popular Model Y, aiming to boost sales amid increasing competition in the electric vehicle market. This move is significant as it not only makes the Model Y more accessible to a broader audience but also reinforces Tesla's commitment to innovation and sustainability. With rising demand for electric vehicles, this strategic pricing could help Tesla maintain its leadership position in the automotive industry.
Wall Street eases from record highs on rising economic jitters
NegativeFinancial Markets
Wall Street has recently pulled back from its record highs as concerns about the economy begin to rise. This shift is significant because it reflects investor anxiety over potential economic instability, which could impact market performance and investor confidence moving forward.
Canada strengthens US travel advisory for second time in one month
NeutralFinancial Markets
Canada has issued a strengthened travel advisory for its citizens living in the U.S., marking the second update in just one month. This advisory reflects ongoing concerns about safety and security for Canadians abroad, emphasizing the importance of staying informed while traveling. Such measures are crucial as they help citizens make better decisions regarding their safety when living or visiting another country.
Rifts in Washington Deepen as Shutdown Drags On
NegativeFinancial Markets
The ongoing government shutdown is causing significant rifts in Washington, with negotiations seemingly heading in the wrong direction. Senators like Angus King from Maine are reconsidering their support for the Republican's clean continuing resolution. President Trump's recent comments about furloughed workers potentially not receiving back pay have further frustrated Republicans, who are attempting to shift the blame for the shutdown onto Democrats. This situation is critical as it affects not only the political landscape but also the livelihoods of many workers.
Gold prices have cracked $4K for the 1st time. Why it may not be good news
NegativeFinancial Markets
Gold prices have reached an unprecedented $4,000 per ounce, marking a significant milestone in the market. However, this surge is largely attributed to the ongoing US government shutdown, which raises concerns about economic stability. While higher gold prices might seem beneficial for investors, they often signal uncertainty and potential financial turmoil, making this news more alarming than it appears.