China News Today TheBitTimes.com

Trump tariffs small business owners are facing devastating consequences as the August 1 tariff deadline arrived today, but businesses got a brief reprieve when the White House announced tariffs will actually be implemented on August 7th to give Customs and Border Protection time to make necessary changes . Despite this one-week delay, the unprecedented supply chain pressure continues to mount, and import cost increases are still set to hit record levels as the US manufacturing shift isn’t happening fast enough to save thousands of companies from financial ruin. Report showing August 7 tariff implementation delay – Source: CNN Business How August 7 Tariff Implementation Drives Supply Chain Pressure and Costs Large container ship with Maersk and Hapag-Lloyd containers at port – Source: CNN Business Commerce Secretary Howard Lutnick had this to say earlier this week: “That’s a hard deadline, so on August 1, the new tariff rates will come in. Nothing stops coun...

AI coins, including NEAR, NCP, RENDER, and FIL, saw significant drops of 8-10% today as China’s AI startup DeepSeek challenged US dominance in the sector.  China’s AI startup DeepSeek disrupted the market by creating AI models that cost much less than those of Silicon Valley giants. AI coins decreased sharply during the early hours of Monday’s Asia market. This shift came alongside a sharp decline in Nasdaq 100 futures, which fell 330 points during Sunday’s overnight trading, triggering further panic in the market. AI Coins Crash: Is There A Reason For Panic? The AI coins market has dropped over 7.66% during the last 24 hours, with the total market cap falling below $44 billion, according to CoinMarketCap.  The sharp drop is primarily due to the sudden rise in popularity of China’s DeepSeek AI startup, which has shaken the market with its low-cost infrastructure. Built using chips that are a fraction of the cost compared to those used by US AI...