Overview

• President Donald Trump warned he would impose substantial additional tariffs and restrict exports of US technology and chips on countries he says discriminate against American tech firms.
• The European Commission responded that it has the sovereign right to regulate economic activity in the bloc and firmly rejected claims that its digital rules single out US companies or function as censorship.
• Trump also threatened to sharply raise duties on Chinese goods unless Beijing increases exports of rare-earth magnets to the United States, citing potential tariffs around 200%.
• Analysts cited in reporting say any move to limit advanced chip exports could unsettle US semiconductor companies, including Nvidia and AMD, that depend on global sales.
• The warnings echo earlier pressure tactics that saw Canada drop a planned digital services tax, and EU officials say digital rulemaking was kept separate from recent transatlantic trade talks.