In an unusual column in the New York Times, the paper's international trade reporter Ana Swanson reports that the "significant increase in tariffs in recent months appears to have prompted an increase trade and customs fraud." Ms Swanson is correct. Vietnam, Korea, Taiwan have recently reported instances in which products made in...
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Nvidia’s CEO Huang says U.S. expost controls are a failure resulting in China accelerating its AI industry
Nvidia's CEO Jensen Huang says that U.S. export controls prohibiting the same of advanced semiconductor chips to China are a failure that have incenticized CHina to develop more quickly its own artificial intelligence technologies. Nvidia has lost market share to Chinese competitors because of the limitations.
While attending...
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Colombia asks to join China-based development bank seeking funding to build 75 mile canal to replace Panama Canal
Colombiaās government has applied to join a China-based development bank. The bankĀ was set up a decade ago as a project of Brazil, Russia, India, China and South Africa as a means to U.S.-dominated institutions like theĀ World BankĀ and Inter-American Development Bank. So far, the New...
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Nvidia to establish research and development center in Shanghai to help service Chinese customers
Nvidia is going to open a research-and-development center in Shanghai, its latest effort to maintain a foothold in China while still abiding by the tightened US export controls for Nvidia's AI semiconductors. .
The new teams will supplement the over 4000 already working in China.
The...
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Rogue communication devices found hidden in Chinese solar power inverters that could disable the grid
U.S. energy officials are reassessing the risks posed by Chinese-made devices that are used in the U.S. renewable energy infrastructure after unexplained communication equipment was found inside some of the, according to Reuters. Inverters are built to allow remote access for updates and...
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What is the largest whistleblower reward issued by the Securities & Exchange Commission?
In May 2023, The Securities and Exchange Commission announced the largest-ever award, nearly $279 million, to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions. This is the highest award in the SECās whistleblower programās history, more than doubling the $114 million whistleblower award...
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China building megaports in Santos Brazil for foodstuffs in order to reduce reliance on U.S.
According to the Wall street Journal, Chinaās state-owned agricultural conglomerate, Cofco, is building its biggest export terminal outside China at the port to manage shipments of corn, sugar and soybeans.
Today's article refernces that Chinaās broader plan for South Americaās agricultural products includes the present work in which China...
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Why its easy for China to engage in tariff fraud on items imported into the U.S.
Jeffrey A. Newman
Customs and tariff fraud relating to U.S. tariff laws and products imported to the United States generally involves transshipment by routing a shipment through a third country to disguise its origin. Once there the country of origin is changed from China to the new country, Mexico,...
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Amazon challenging Google and Microsoft in quantum computing with new chip “Ocelot” reducing errors
Jeffey A. Newman
Amazon is now worth over $2 trillion and it is advancing swiftly in the arena of quantum computing. Amazon's Web Services Center for quantuim Computing is located at the California Institute of TEchnology in Pasadena California. The new semiconductor chip the Ocelot quantum processor is deigned...
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Microsoft President says U.S. can’t afford falling behind China in quantum computers and that China may be catching up
Tech
Microsoft President Brad Smith is worried that the U.S. may be falling behind China in the race for a functioning stable quantum computer and that the administration should prioritize funding for quantum research.
According to press reports, Smith...
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