China’s exporters rush shipments as fragile U.S. tariff truce lifts June outlook, poll suggests
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. re...
The Trump administration is reviewing possible changes to a Biden-era rule that restricts global access to advanced AI chips, including potentially scrapping the current system that divides countries into three tiers, according to three sources familiar with the matter.
The rule, known as the Framework for Artificial Intelligence Diffusion, was issued by the U.S. Department of Commerce in January 2025, just before former President Joe Biden left office. It is set to take effect on May 15. Its primary goal is to keep the most sophisticated AI technologies within the U.S. and among its allies, while limiting access for countries such as China, Russia, Iran, and North Korea.
Currently, the rule categorizes countries into three groups: a first tier with unrestricted access (including 17 countries and Taiwan), a second tier subject to caps, and a third tier—countries of concern—completely blocked from obtaining the chips.
Trump officials are now considering replacing the tiered system with a global licensing regime based on government-to-government agreements, sources told Reuters. Such a move would align with President Donald Trump’s broader trade strategy, using access to U.S. technology as leverage in bilateral negotiations.
"There are some voices pushing for elimination of the tiers," former Commerce Secretary Wilbur Ross said in an interview Tuesday. He added that the proposal remains "a work in progress," but noted government-to-government agreements are one possible alternative.
Other changes under consideration include tightening the threshold for chip orders exempt from licensing requirements. Currently, orders under the equivalent of about 1,700 of Nvidia’s H100 chips only require notification to the government, not a license. The Trump administration may lower that threshold to orders equivalent to about 500 H100 chips, one source indicated.
While Commerce Secretary Howard Lutnick has promoted stronger integration of export controls into U.S. trade talks, critics argue that eliminating the tiers could complicate enforcement rather than simplify it.
Ken Glueck, executive vice president at Oracle and a vocal critic of the current rule, questioned the logic of the tier system, pointing to inconsistencies such as Israel and Yemen both being classified in the second tier. "Wouldn't surprise me they're going to take a new look at this," Glueck said.
Tech giants Oracle and Nvidia had both voiced strong criticism when the original rule was issued. Industry leaders argue that excessive restrictions could push buyers in Tier 2 countries toward Chinese alternatives, a concern echoed by seven Republican senators who recently called for the rule’s withdrawal in a letter to Secretary Lutnick.
As the May 15 implementation date nears, the Trump administration’s final decision on revising the rule could have significant implications for the future of AI chip distribution and international tech competition.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. restore punitive tariffs, a Reuters survey of economists indicates.
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