Business Brief (June 3): U.S. Cuts Tariffs on Farm Equipment

Published: Jun. 3, 2026 6:22 p.m. GMT+8

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U.S. cuts tariffs on agricultural equipment

The U.S. lowered tariffs on agricultural equipment, including combines and harvesters, from 25% to 15%. The temporary tariff adjustments will remain in place through Dec. 31, 2027, as part of an effort to encourage investment in U.S. agriculture.

Tencent Cloud slashes AI prices

Tencent Cloud said that it has cut prices for its DeepSeek-V4 series models by up to 97.5%, while maintaining model performance.

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US cut tariffs on agricultural equipment from 25% to 15% through Dec 31, 2027.
Tencent Cloud slashed DeepSeek-V4 prices by up to 97.5% with maintained performance.
China allocated 99.9 billion yuan childcare subsidies for 2026, up 10.6%, and will impose 55% tariff on Australian beef after quota.

AI generated, for reference only

Who’s Who

Tencent Cloud: Tencent Cloud has slashed prices for its DeepSeek-V4 series AI models by up to 97.5%, while maintaining model performance. This move aims to make AI more accessible and competitive in the cloud market.

AI generated, for reference only