PARIS (Reuters) – French automotive suppliers Novares and Valeo are asking customers to cover the full cost of new U.S. duties upfront, company executives said, underlining the hit to global carmakers from President Donald Trump’s tariffs on car imports. The U.S. began collecting tariffs of 25% on foreign auto imports from April 3, which Trump says will boost U.S. manufacturing and jobs. But the measure, which remains in place even after Trump paused reciprocal tariffs … Read more…

By Greg Bensinger and Deborah Mary Sophia (Reuters) – Amazon chief executive Andy Jassy on Thursday justified the company’s billions of dollars in outlays for artificial intelligence development, saying the investment was necessary to remain competitive. “If your mission is to make customers’ lives better and easier every day, and you believe every customer experience will be reinvented by AI, you’re going to invest deeply and broadly in AI,” Jassy wrote in his letter to … Read more…

By Aditya Soni (Reuters) -The “Magnificent Seven” stocks were poised to gain more than $1 trillion in market value on Wednesday after U.S. President Donald Trump approved a 90-day tariff pause, easing pressure on tech giants that had tumbled in recent sessions. Shares of the companies, which include AI chip giant Nvidia, Apple, Tesla and Microsoft, were up between 7.8% and 13%, powering a market rally that pushed the Nasdaq up 8%. The group of … Read more…

(Reuters) – The Trump administration has reversed course on plans to restrict exports of Nvidia’s H20 artificial intelligence chips to China after CEO Jensen Huang attended a Mar-a-Lago dinner last week, NPR reported on Wednesday. The planned American export controls on the chips — the most advanced AI processor legally available in China under U.S. export controls — had been in the works for months, NPR reported, citing two sources, and were ready to be … Read more…

(Reuters) -A Tesla Supercharger station was damaged in Lacey, Washington, on Tuesday, according to local police and the Federal Bureau of Investigation. The impacted Tesla Supercharger station, which is located at 665 Sleater Kinney Road SE in Lacey, comprises 12 Superchargers, each capable of delivering up to 250 kW of power, according to the company’s website. Electrek, which first reported the development, said the “explosion” led to a temporary shutdown of the charging station. Reuters … Read more…