Daily brief
President Donald Trump said he will increase U.S. tariffs on cars and trucks imported from the European Union to 25%, accusing the EU of not complying with a previous trade deal. The move would tear up part of an existing tariff agreement and could take effect as soon as next week. The EU Parliament Trade Chief called the threat unacceptable.
ChatGPT Images 2.0 is a hit in India, but not a big winner elsewhere, yet.
Huawei’s AI chip sales surge as Nvidia stalls in China.
Chevron and Exxon beat earnings estimates despite output drops, with Exxon's output falling 6% and Chevron's refining business swinging to a loss.
The US Treasury warned shippers not to pay Hormuz tolls, even in form of charity.
by WorldBrief & Maksim Micheliov | AI-generated summary