International Business and TradePolicy

Trump Tariffs Wipe Billions from Markets as AI Stock Rally Stalls

President Trump’s announcement of 100% tariffs on China triggered massive market losses, erasing nearly $800 billion from tech stocks. The move halted the sustained AI-driven rally that had propelled markets to record highs. Experts analyze the implications for artificial intelligence investments and market stability.

Artificial intelligence stocks face unprecedented pressure as President Trump’s tariff announcement triggers the largest market decline since April, wiping out nearly $800 billion in value from major technology companies. The S&P 500 and Nasdaq Composite experienced their most significant single-day drops in months, halting what had been a sustained rally driven primarily by AI innovation and investor enthusiasm for companies like OpenAI and Nvidia.

AI-Driven Market Rally Faces Reality Check

BusinessSemiconductors

How the CHIPS Act Semiconductor Funding Can Benefit Workers and Communities

The bipartisan CHIPS and Science Act represents America’s largest industrial policy effort in decades, pouring billions into domestic semiconductor manufacturing. While early results show significant corporate investment, concerns remain about whether workers and communities will share in the benefits of this historic government intervention.

The United States is undertaking its most ambitious industrial policy initiative since World War II through the bipartisan CHIPS and Science Act of 2022, a multibillion-dollar effort to reshore semiconductor manufacturing and secure America’s technological future. Recent assessments from an Arizona State University conference highlight both the promise of renewed industrial capacity and serious concerns about whether these unprecedented public investments will truly benefit workers and communities rather than simply enriching already profitable corporations.

CHIPS Act Implementation and Early Results