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Trump unveils trade actions to compete with China on solar and chips

Trump unveils trade actions to compete with China on solar and chips

By Nichola Groom and Alexandra Alper WASHINGTON, Aug 6 (Reuters) - The White House on Thursday imposed a series of price floors and a 15% tariff on products made from polysilicon, the raw material used in semiconductors and solar panels that is primarily produced by China. U.S.

Trump admin blocks tungsten, battery waste exports to boost US minerals supply

Trump admin blocks tungsten, battery waste exports to boost US minerals supply

By Ernest Scheyder Aug 6 (Reuters) - The U.S. Commerce Department said on Thursday it will block exports of tungsten scrap and battery waste, part of a push to boost the domestic recycling industry and critical mineral production.

MP Materials results beat expectations on rising sales, US price support

MP Materials results beat expectations on rising sales, US price support

Aug 6 (Reuters) - Rare earths producer MP Materials reported second-quarter results on Thursday that beat analysts' expectations due to rising sales and its price support agreement with the U.S. government. The company's shares gained 2.2% to $48.52 in after-hours trading.

President Trump Confronts Defense Secretary Over Missile Shortages

President Trump Confronts Defense Secretary Over Missile Shortages

President Trump confronted Defense Secretary Pete Hegseth over a reported shortage of U.S. munitions, which could limit military options against Iran. During a Cabinet meeting at Camp David, Trump expressed frustration, believing the munitions issue had been resolved. The confrontation follows reports of depleted stocks of Army Tactical Missile Systems and Precision Strike Missiles, crucial for U.S. military operations. The White House and Pentagon have denied the claims, asserting confidence in Hegseth's leadership.

Trump’s tech ties come under bipartisan fire after AI agents go rogue

Trump’s tech ties come under bipartisan fire after AI agents go rogue

By Courtney Rozen and Alexandra Alper WASHINGTON, Aug 6 (Reuters) - In a rare show of bipartisanship, Democrats and Donald Trump's conservative supporters both blame the president's ties to the tech industry for his administration's limited response to recent hacks carried out by OpenAI and

Republican US Senator Rand Paul to ask Justice Department to prosecute Fauci

Republican US Senator Rand Paul to ask Justice Department to prosecute Fauci

By Ahmed Aboulenein WASHINGTON, Aug 6 (Reuters) - Republican U.S. Senator Rand Paul said on Thursday he would ask the Justice Department to prosecute Dr.

Exclusive-Under Patel, FBI forges unprecedented law enforcement ties with China, Russia

Exclusive-Under Patel, FBI forges unprecedented law enforcement ties with China, Russia

By Jana Winter Aug 5 (Reuters) - FBI Director Kash Patel says he has forged new law enforcement partnerships with China and Russia, two longtime U.S. rivals, over the past year in hopes of gaining allies in combating transnational crime including fentanyl, cyber fraud and child sexual exploitation.

Exclusive-White House set to extend Jones Act waiver as Trump hunts for cheaper gasoline

Exclusive-White House set to extend Jones Act waiver as Trump hunts for cheaper gasoline

By Jarrett Renshaw and Arathy Somasekhar WASHINGTON/HOUSTON, Aug 4 (Reuters) - The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it has to try and hold down gasoline prices as President Donald Trump

Exclusive-US weighs polysilicon price floor, tariffs to counter China in solar and chips

Exclusive-US weighs polysilicon price floor, tariffs to counter China in solar and chips

By Nichola Groom Aug 4 (Reuters) - The Trump administration is preparing to set a price floor and impose tariffs on polysilicon and related products, according to four people familiar with the plan, putting a material critical to solar panels and semiconductors at the center of U.S. efforts to

Exclusive-Lockheed seeks U.S. mineral supplies after Trump supply-chain push, sources say

Exclusive-Lockheed seeks U.S. mineral supplies after Trump supply-chain push, sources say

By Ernest Scheyder and Divya Rajagopal Aug 4 (Reuters) - Lockheed Martin is in talks to buy supplies of two critical minerals from U.S. mines, two sources familiar with the discussions said, as President Donald Trump pressures defense contractors to cut reliance on China.

US weighs polysilicon price floor, tariffs to counter China in solar and chips

US weighs polysilicon price floor, tariffs to counter China in solar and chips

Aug 4 (Reuters) - The Trump administration is preparing to set a price floor and impose tariffs on polysilicon and related products, according to four people familiar with the plan, putting a material critical to solar panels and semiconductors at the center of U.S. efforts to compete with China on

Exclusive-Trump administration drafting ban on Chinese data center devices, sources say

Exclusive-Trump administration drafting ban on Chinese data center devices, sources say

WASHINGTON, Aug 4 (Reuters) - The Trump administration is drafting a ban on U.S. imports of new models of Chinese data center components, four people familiar with the matter told Reuters, as it seeks to protect the infrastructure that undergirds the AI boom.