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🚀 Trump annouced new port fees for Chinese ships
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The Trump administration has announced new fees on Chinese-built vessels docking at U.S. ports, escalating efforts to counter China’s dominance in global shipbuilding, which supplies up to 80% of commercial fleets. Following a bipartisan investigation initiated under Biden, the USTR will impose escalating levies—up to $140 per net ton by 2028—on Chinese-made ships, with limited exemptions and a fee remission option tied to U.S. shipbuilding orders. Critics warn the policy could spark trade tensions, especially since nearly all global ships are Chinese-made, while supporters say it’s a necessary push to revive American shipbuilding.
Netflix delivered a strong first-quarter earnings beat, with revenue rising 13% year-over-year to $10.54 billion, exceeding Wall Street expectations. In a strategic pivot, the company stopped disclosing subscriber numbers, shifting its focus to revenue and ad growth as key performance indicators. Price hikes in January and a surge in ad revenue contributed to the gains, alongside the launch of Netflix’s proprietary ad tech platform. Despite economic uncertainty tied to Trump’s trade policies, Netflix maintained its full-year revenue forecast and emphasized the resilience of entertainment spending, lifting shares by 2% in after-hours trading.
Google suffered a major legal setback Thursday as a federal judge ruled it held illegal monopolies in key segments of the online advertising market, marking its second significant antitrust defeat in under a year. The court found Google unlawfully dominated both the publisher ad server and ad exchange markets, potentially setting the stage for a forced breakup of its ad-tech empire. The ruling deepens Google's challenges as it contends with AI-driven competition and cooling ad revenue amid economic uncertainty. Alphabet shares fell over 1%, and with a remedies trial looming, regulators may soon reshape the digital ad landscape.
Headlines
US Customs and Border Protection has reported that it has collected just over $500M under the new reciprocal tariffs in 13 days, significantly less than the $2B per day that President Trump claimed to be collecting.
Target is attempting to work with civil rights leaders to reduce or prevent any backlash from DEI rollbacks.
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Onwards and Upwards,

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