Seeking Alpha’s roundup of statements, announcements, and remarks that could impact markets, sectors, or individual stocks.
- President Trump said he sees lowering the 20% tariff imposed on Chinese goods for that country’s alleged role in the U.S. fentanyl crisis.
“I expect to be lowering that because I believe they’re going to help us with the fentanyl situation,” Trump told reporters on Air Force One on Wednesday, according to Bloomberg.
Trump is scheduled to meet with Chinese President Xi Jinping on Thursday in South Korea.
- Trump also indicated he was open to allowing China to import Nvidia’s (NVDA) Blackwell AI chips as part of a broader trade deal.
“We’ll be speaking about Blackwells,” Trump told reporters on Air Force One en route to South Korea, according to Bloomberg.
- Uber (UBER) and Lucid (LCID) said they’re planning to launch their new robotaxi service first in San Francisco.
The service, which is slated to begin in late 2026, will utilize Lucid EVs equipped with Nuro autonomous driving technology. The companies will need to secure certain state permits before the service can take paying customers, according to The Verge.
“The Bay Area has long been the birthplace of transformative technology, and it’s only fitting that Uber’s next-generation robotaxi program with Lucid and Nuro will begin here – launching to the public next year,” said Uber Chief Product Officer Sachin Kansal in a statement, according to The Verge.
The move would put Uber in direct competition with partner Waymo, which also operates in the Bay Area. Uber offers Waymo rides through its app in Phoenix, Atlanta and Austin, The Verge noted. Waymo is owned by Alphabet (GOOG) (GOOGL).
Amazon’s (AMZN) Zoox has also been operating robotaxis in San Francisco. Tesla (TSLA) has likewise launched a service there, although it’s reportedly still using human drivers due to permitting issues.