Biden's Final AI Chip Restrictions

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In today edition we will talk about

• Young Americans Facing Tough Job Market in 2025

• China’s Exports Surge Amid Trade Tensions with the US

• Biden's Final AI Chip Restrictions Target China and Russia

Young Americans Facing Tough Job Market in 2025

Many young people are struggling to find work, and things may not improve quickly.

Cam Tangalakis-Lippert, 25, lost her job at Twitch a year ago and has applied to hundreds of others, but she’s running out of money. She’s not alone—many young Americans are having trouble finding work. In 2024, businesses hired less, and this trend is expected to continue in 2025, making it hard for young people to get jobs, especially after layoffs. Studies show early career struggles can affect future earnings and mental health.

Although the overall job market is stable, hiring has slowed down, especially in office jobs and tech. This slowdown is hitting younger workers the hardest. Data shows employment for people aged 25-34 dropped significantly, while older workers saw more job opportunities.

Recent graduates are finding it hard to land jobs, and many feel overshadowed by people with more experience. However, there’s hope. If interest rates keep dropping, businesses may hire more in the coming months. But it could take time before young workers see any real improvement.

In short, the job market for young people is tough right now, and things may not get better quickly.

China’s Exports Surge Amid Trade Tensions with the US

China’s exports grew in December as factories rushed shipments, but challenges remain for 2025.

China’s exports rose sharply in December, with a 10.7% year-on-year increase, as factories rushed to ship goods abroad before potential trade challenges from the new US president, Donald Trump. Imports also grew by 1.0%, surprising economists. This trade surge helped boost China’s trade surplus, particularly with the US.

Exports have been important for China’s economy, which faces problems like a property crisis and weak consumer confidence. The country’s economy grew by 5.9% in 2024, but challenges such as possible US tariffs and EU trade issues with electric vehicles could hurt growth in 2025.

Despite a weak domestic economy, China’s manufacturers kept selling abroad by lowering prices, helped by a weaker yuan. Some signs of recovery are emerging, with factory activity improving and a rise in imports of technology products and iron ore. However, crude oil imports fell, showing that growth is still slow.

China’s government aims for 5% growth in 2025 and plans to loosen economic policies to boost demand and counter external challenges.

Biden's Final AI Chip Restrictions Target China and Russia

New export curbs aim to limit rivals’ access to advanced AI technology.

Before leaving office, President Biden's administration imposed new rules to stop China and Russia from accessing advanced AI chips made in the US. These restrictions are meant to protect the most advanced AI technology, though they’ve upset US tech companies like Nvidia and Oracle.

The new rules divide countries into three groups. Allies like Japan and South Korea face no new restrictions. China and Russia remain blocked from buying top AI chips, and other countries will face limits on how much computing power they can buy. These changes are designed to prevent China from getting AI chips through third countries, especially in the Middle East.

Tech companies argue these new rules could hurt US innovation and competitiveness. Despite these concerns, the Biden administration says the rules are needed to protect national security. The measures will take effect after a 120-day comment period.

The restrictions come after several previous rounds of rules aimed at limiting China’s access to semiconductor technology, as China works to become self-sufficient in tech.

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