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First Case Emphasizing XRP Utility EmergesReal Contest Lies in Replacing Financial Infrastructure

China Accelerates Adoption of Domestic Equipment in New Fabs AI Demand and State Support Fuel Localization Efforts Chinese Equipment Market Booms Despite U.S.

U.S. Imposes Additional $55 Billion in Tariffs Tariff Burden Ultimately Shouldered by American Companies High Likelihood of Cost Pass-Through to Consumers via Price Increases The U.S.

Bank of England effectively halts issuance of a digital pound. CBDC-related discussions face setbacks in both the U.S.

EU agrees to lower tariffs by pledging large-scale purchases of U.S.

Budget Constraints Hamper Negotiations Coordinated Response from Government and Industry Mounting Pressure on Corporations Sparks Accusations of Coerced Relocation U.S.

Trump Shares Details of Calls with Both Leaders on Social Media “No Trade Talks with Warring Nations,” He Warns CNN: “Proxy Clash Between U.S.

A few lines sketch the battlefield: China dodges walls by rerouting trade. America sharpens rules before drawing the line. What begins with tariffs may end with trust broken. A critical phase of U.S. trade policy is unfolding. Washington is nearing the completion of its most comprehensive tariff review in years, and all eyes, especially those of China, are on what remains to be finalized. Only a few nations are left on the list, but the implications are already global. This isn’t just about customs rates.

US chip policy may soon deliver a blow to AI-linked stocks operating in China. An upcoming investigation result could reshape tech tariffs and international alliances. Despite restrictions, China continues to build a robust domestic semiconductor supply chain A key pillar of Donald Trump’s 2024 presidential campaign, securing American technological superiority, now stands at a critical juncture.

China rains invitations to global AI cooperation. The U.S. races ahead with minimal regulation and maximal speed. Despite the summit’s fanfare, no bridge was built; only distances were preserved. As the World Artificial Intelligence Conference opened in Shanghai, China positioned itself at the center of global AI governance, days after the Trump administration rolled out a sweeping deregulation strategy in Washington.

A pledge is uncertain. Japan’s priorities do not always align with those of Trump. USD 550 billion may not go where America expects. In the swirl of post-summit declarations and high-stakes trade commitments, former President Donald Trump announced a headline-grabbing figure: Japan would be investing $550 billion in the United States' economy at his direction. But behind the theatrics, the deal is far from secure.

In April 2025, 73% of AI experts surveyed by the Pew Research Center stated that artificial intelligence would have a positive impact on how people perform their jobs over the next two decades; only 23% of the US public agreed. The growing gulf is not just about jobs or productivity; it also encompasses broader societal issues. It is about what these systems are.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

This article was independently developed by The Economy editorial team and draws on original analysis published by East Asia Forum. The content has been substantially rewritten, expanded, and reframed for broader context and relevance. All views expressed are solely those of the author and do not represent the official position of East Asia Forum or its contributors.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

Forecasts for stablecoin market growth remain sharply divided. J.P. Morgan warns the “Genius Act” may expose vulnerabilities in Tether's dominance. Building market trust remains an urgent challenge. J.P.

Trump criticizes Fed during visit, raising concerns over headquarters renovation. Makes blunt call for Powell to “cut interest rates.” Market sees slim odds of rate cut at upcoming July FOMC meeting. With the July meeting of the Federal Op

Preemptive Remarks Ahead of High-Level TalksTrade Talks Increasingly Resemble Transactions

A Beijing summit between China and the EU yields cordial language but no breakthroughs. The EU presses China on trade imbalances and Ukraine, but leaves with little leverage. Europe faces a strategic crossroads, caught between dependence on China and alignment with the U.S. In a year marked by mounting geopolitical tension, China hosted top European Union leaders in Beijing in an attempt to reboot a strained partnership.

Silicon Valley is now borrowing China’s grueling “996” work schedule to stay competitive. Chinese firms, such as DeepSeek, are reshaping the AI battlefield with high-performance models at a low cost. This convergence of hustle and innovation is testing the boundaries of ambition, ethics, and global collaboration. A new tech culture is quietly emerging at the intersection of America and China, a vision of relentless work, hyper-cost efficiency, and geopolitical rivalry.