The bridge collapse Tuesday that shut the Port of Baltimore and closed a major highway will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast as importers and exporters try to avoid potential bottlenecks at trade gateways from Boston to Miami.
Baltimore Bridge Fallout to Extend Coast-to-Coast in Cargo Shift
Tag: workarounds
US tightens rules on AI chip sales to China in blow to Nvidia
US tightens rules on AI chip sales to China in blow to Nvidia
Nvidia chief executive Jensen Huang told the Financial Times earlier this year that the 2022 controls had left the Silicon Valley company with its “hands tied behind our back” by barring sales of its most advanced chips to China. He has said further restrictions could seriously harm US chipmakers by eating into their ability to finance investment.
H/T: Jason Hunt
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China ups export curbs on key EV battery component, safeguarding graphite amid US tensions
Stop spending Defense Production Act money on foreign suppliers
For the second year in a row, and just as the fiscal 2024 National Defense Authorization Act process peaks in Congress, the Biden administration’s Defense Department seeks executive branch authority to spend U.S. taxpayer Defense Production Act money with foreign suppliers, in addition to American ones.
Stop spending Defense Production Act money on foreign suppliers
US Senators call for Biden to shut down a chip center located in China
A group of Republican Senators want to shut down a chip center to snub Huawei but have failed at every turn to keep the telecom giant down
US Senators call for Biden to shut down a chip center located in China