Production of Nvidia’s H200 AI processors has been paused due to blocked shipments by Chinese customs, according to a report citing sources. Nvidia anticipated over a million orders from Chinese clients, but authorities have reportedly instructed customs agents not to allow the chips’ entry, with warnings issued to domestic tech firms. The move has raised questions about a potential ban, temporary restrictions, or strategic maneuvers, particularly given the chips’ role in U.S.-China relations and their potential applications. The U.S. government is involved, allowing exports while imposing tariffs on the chips as they pass through the U.S.
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The bourbon industry faces significant challenges, as Jim Beam, a leading American whiskey maker, plans to halt production at one of its Kentucky distilleries for a year starting in 2026. This decision comes amid declining liquor sales, partly due to President Trump’s trade war with Canada, which triggered a boycott of American booze. Furthermore, changing drinking habits, with more young adults cutting back on consumption and questioning the health benefits of moderate drinking, are also contributing to the industry’s struggles. The company is assessing how to manage its workforce during this transition and is in discussions with the union.
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Mexican lawmakers recently approved a package of tariffs, impacting numerous products, particularly those from China, with the levies set to take effect January 1, 2026. These tariffs, which can reach up to 50%, target goods such as metals, cars, and appliances and affect countries without free trade agreements with Mexico. This action occurs amid negotiations with the US over potential import taxes threatened by former President Donald Trump. China has expressed concerns, with a spokesperson from Beijing’s commerce ministry stating that the tariffs would “substantially harm the interests of trading partners.”
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Ohio farmers see one-year, 74% loss in Chinese sales due largely to Trump tariffs, a situation that really puts things into perspective. It’s almost unbelievable, isn’t it? A massive drop in sales, a huge chunk of their market just vanishing. And the main culprit? The tariffs, those taxes on imports, that were a cornerstone of the previous administration’s trade policy.
Now, imagine being an Ohio farmer. You’ve got your land, your crops, your livelihood, and suddenly a massive buyer, like China, drastically reduces its purchases. That’s a huge hit to the bottom line, a significant disruption to your business. The numbers don’t lie – a 74% decrease in a single year is a staggering blow.… Continue reading
Canada achieved its first trade surplus since the U.S. trade war began in September, as exports increased by 6.3% and imports decreased by 4.1%. Exports to countries other than the United States rose sharply, while exports to the U.S. increased, and imports from the U.S. decreased. Statistics Canada reported the overall story to be positive, suggesting that the trade flow with the United States is beginning to stabilize, while also supporting diversification from the U.S.
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China trade surplus tops $1 trillion for first time on non-US growth, and it’s a milestone that really makes you stop and think. How is this even possible, especially considering the economic climate and the geopolitical maneuvering that’s been going on? It’s almost mind-boggling how the market seemingly sails along, detached from the realities on the ground, or maybe it’s just a sign of how deeply interconnected the global economy has become.
China trade surplus tops $1 trillion for the first time, and it’s largely driven by trade with countries *other than* the United States. This is a pretty significant shift, isn’t it?… Continue reading
China has achieved a record-breaking trade surplus, reaching US$1.076 trillion in the first eleven months of the year, exceeding the previous record. This growth was fueled by efforts to diversify export markets despite ongoing trade uncertainties. November saw a rebound in exports, increasing by 5.9% year-on-year to US$330.35 billion, contributing to an overall trade surplus for the month. While exports showed strength, sluggish import growth reflected weaker domestic demand, a key challenge for China’s economy.
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Statistics Canada data reveals a continued decline in Canadian air passengers traveling to the United States for the ninth consecutive month, down 8.9 percent in October. This drop coincides with the ongoing trade war and President Trump’s repeated comments about potentially annexing Canada. While U.S.-bound travel decreases, domestic air travel within Canada experienced an 8.5 percent increase in October. The U.S. Travel Association attributes the loss in international tourism spending to Canadians avoiding the U.S.
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Canada’s Finance Department revealed that over $3 billion had been collected through U.S. counter-tariffs before a significant portion of the levies were removed in September, falling far short of the government’s initial $20 billion revenue projection for the fiscal year. Prime Minister Carney opted to remove most of the tariffs to advance trade negotiations with the United States, despite a lack of agreement. This decision is expected to contribute to a deeper deficit in the upcoming budget. While the government defends its approach, the Canadian Steel Producers Association has criticized the exemptions granted on certain imports, which have further reduced the anticipated tariff revenue.
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John Q. Hosedrinker 
Matt Underwood