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By CHRISTOPHER BODEEN

TAIPEI, Taiwan (AP) — A 90-day pause on imposing higher tariffs on China is due to expire on Tuesday and it is unclear if it will be extended.

After the most recent round of China-U.S. trade talks, held late last month in Stockholm, Chinese and U.S. officials said they expected the deadline to be extended for another 90 days. The U.S. side said the decision was up to President Donald Trump. So far there has been no formal announcement about whether he will endorse an extension or push ahead with the higher tariffs.

The uncertainty has left businesses in limbo and a decision to raise the import duties could jolt world markets.

SILENCE FROM WASHINGTON AND BEIJING

Trump has repeatedly shifted deadlines and tariff rates, and neither side has indicated what it plans for Tuesday. Extending the Aug. 12 deadline for reaching a trade agreement with China would forestall earlier threats of tariffs of up to 245%.

Treasury Secretary Scott Bessent said Trump was deciding about another 90-day delay to allow time to work out details of an agreement setting tariffs on most products at 50%, including extra import duties related to illicit trade in the powerful opiate fentanyl. read more

The Associated Press

NEW YORK (AP) — Nvidia and AMD have agreed to share 15% of their revenues from chip sales to China with the U.S. government, as part of a deal to secure export licenses for the semiconductors.

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The Trump administration halted the sale of advanced computer chips to China in April over national security concerns, but Nvidia and AMD revealed in July that Washington would allow them to resume sales of the H20 and MI308 chips, which are used in artificial intelligence development.

President Trump confirmed the terms of the unusual arrangement in a Monday press conference while noting that he originally wanted 20% of the sales revenue when Nvidia asked to sell the “obsolete” H20 chip to China. The president credited Nvidia CEO Jensen Huang for negotiating him down to 15%. read more

By BRUCE SCHREINER, Associated Press

LOUISVILLE, Ky. (AP) — Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce electric vehicles that it says will be more affordable, more profitable to build, and will outcompete rival models.

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The automaker’s top executive unveiled the new EV strategy at Ford’s Louisville Assembly Plant which, after producing gas-powered vehicles for 70 years, will be converted to manufacture electric vehicles.

“In our careers, as automobile people we’re lucky if we get to work on one, maybe two, projects that really change the face of our industry,” CEO Jim Farley told plant workers in Kentucky on Monday. “And I believe today is going to light the match as one of those projects for all of us here.” read more

By Caroline Petrow-Cohen, Los Angeles Times

Michael Buday has one eye on the calendar as he makes plans to purchase a used Tesla. The Orange County, California, resident has two months left to take advantage of a federal tax credit that could save him thousands of dollars if he buys an electric vehicle.

The federal government will stop paying a $7,500 incentive for new electric vehicles and a $4,000 credit for used ones on Sept. 30. It’s an abrupt reversal by the Trump administration of Biden-era efforts to address climate change emissions from gasoline cars. The details are laid out in the “Big Beautiful Bill” that passed this month.

The tax credits have been available for cars that plug in but also have a gas tank, such as the Toyota Rav4 Prime and the Chrysler Pacifica Hybrid.

Transportation is the largest contributor to climate change both in California and nationally, and experts say it must get much cleaner to preserve a recognizable climate. About 1 in 4 cars sold in California is fully electric or plug-in hybrid, according to the California Energy Commission. read more

United Launch Alliance was supposed to fly its first national security mission on its new Vulcan rocket three years ago. It may finally begin its big game of catchup this week.

“We’re going to start flying here in just a few days — missions on Vulcan. And what is important for us to do is to hit our tempo and fly reliably and safely for our customers,” said ULA President and CEO Tory Bruno on Thursday during a call with media. “That’s our job, and we’re off to go do it.”

On what would be Vulcan’s third ever launch and first for the government flying for Space Force’s Space Systems Command, the USSF-106 mission is targeting a Tuesday liftoff from Cape Canaveral Space Force Station’s Space Launch Complex 41 during a launch window that has yet to be announced.

Its payloads are two satellites headed for geostationary orbit. Details on one of the satellites is classified, but the other is the Navigation Technology Satellite-3, built by Melbourne-based L3Harris. It’s funded by the Air Force Research Laboratory and offers a potential replacement technology for GPS. read more