BUSINESS

Business Brief (Sept. 10): Trump Threatens Tariffs on China

Published: Sep. 11, 2025 8:00 p.m. GMT+8

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Trump threatens tariffs on China and India

U.S. President Donald Trump said he is willing to impose significant tariffs on China and India to compel Russian President Vladimir Putin to negotiate with Ukraine. China’s Ministry of Foreign Affairs responded that China is not a party to or creator of the Ukraine crisis and firmly opposes using China as a pretext for issues or exerting economic pressure on it.

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What Happened When

August 2025：: U.S. Producer Price Index (PPI) showed a 2.6% year-over-year increase and a 0.1% month-over-month decrease.

Sept. 9, 2025：: China's Minister of National Defense Dong Jun held a video call with U.S. Secretary of Defense Pete Hegseth at the latter’s request.

Sept. 10, 2025：: Arm launched its Lumex computing subsystem platform in Shanghai, optimized for the 3-nanometer process.

Sept. 10, 2025：: Apple released its A19 chip, which uses TSMC’s 3-nanometer process.

Sept. 10, 2025：: AI video generation model company AIsphere announced completion of a Series B funding round of over $60 million.

Sept. 10, 2025：: Trunk, provider of autonomous trucks and intelligent transport solutions, announced it has secured several hundred million yuan in a strategic financing round.

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