The Japanese automaker announced on Wednesday that it would build a new EV and battery factory in Shanghai, after Tesla did the same in 2019.

Texas becomes the first US state to ban the Chinese AI app DeepSeek, citing national security risks. The move follows concerns about data security, with fears that the Chinese government could access sensitive information stored in China.

Musk, who last year said “things that inhibit freedom of exchange or distort the market are not good,” became $12 billion poorer Monday.

Tariffs are taxes on imported goods, typically paid by the importing businesses, which can then pass costs onto consumers through higher prices. It means Trump's move—and China'