The Trump administration imposed a 25% tariff on AI chips while China drafted new purchase rules for Nvidia's H200 processors, escalating the tech trade war on both fronts (Reuters). OpenAI signed a $10 billion computing deal with chip startup Cerebras, marking a major shift away from its reliance on Nvidia infrastructure.

A business jet crashed in Maine with fatalities reported, though details remain limited (AP). The U.S. Treasury terminated contracts with consulting giant Booz Allen Hamilton following a tax information leak. Donald Trump filed a $5 billion lawsuit against JPMorgan Chase.