US Trade Representative: Will levy tariffs on semiconductors from China

Citing a filing from the US Trade Representative's office, Reuters reported on Tuesday that the US will set new tariffs on semiconductors from China. According to the document, the initial tariff level of 0% will increase in 18 months to a rate to be announced later.

Market reaction

This headline failed to trigger a noticeable market reaction. At the time of press, the S&P 500 Index was down 0.07% on the day, while the Nasdaq Composite was losing 0.2% at 25,411.40.

Dec 23, 2025

US CB Consumer Confidence Index declines by 3.8 points in December to 89.1

Consumer sentiment in the United States weakened for the fifth consecutive month in December, with the Conference Board's Consumer Confidence Index declining to 89.1 from 92.9 in November.

GBP/USD eases from October highs as markets digest US data

The British Pound (GBP) pares earlier gains against the US Dollar (USD) on Tuesday as traders digest a mixed batch of US economic data. At the time of writing, GBP/USD trades around 1.3478, easing slightly after climbing to its highest level since October 1, near 1.3518.