• President Donald Trump’s trade policies are having a significant impact on global supply chains, exemplified by the Indonesian shrimp industry. A new 19% tariff on Indonesian shrimp, though lower than the initial 32% threat, has left shrimp farmers like Denny Leonardo in disarray, with U.S. orders drying up and expansion plans put on hold. The tariffs have prompted Indonesian farmers to actively seek new markets, with a particular focus on China to reduce their dependence on the US.

• In legal news, Elon Musk and Tesla are being sued by shareholders for securities fraud. The class action lawsuit alleges that the company concealed safety risks associated with its self-driving vehicles and robotaxis. The suit points to a recent public test in Austin, Texas, where a robotaxi exhibited a number of unsafe behaviors, including speeding, sudden braking, and driving over a curb.

• Separately, U.S. authorities have arrested two Chinese nationals on charges of illegally exporting tens of millions of dollars worth of advanced AI chips, including Nvidia’s powerful H100 GPUs, to China. According to the Department of Justice, the defendants used a California-based company to ship the chips without the required government licenses, often routing them through intermediary countries like Singapore and Malaysia to conceal their final destination. The arrests highlight the ongoing tensions and enforcement efforts related to U.S. export restrictions on sensitive technology.