he said the 25% levy was "without exemptions" although he could make an exception for australia. president trump described the new tariffs as, for more on this we'll be speaking to our reporters in singapore and sydney. let's start with suranjana tewari who is in our singapore newsroom. who are these likely to effect in asia? is this a flat without exceptions or likeii; to liaise likely to liaise a exemptians are likely to have a 777 7 77 7 7 7 7777 impact of big impact on producers of steel and aluminium here in asia. japan, south korea, taiwan other biggest exporters = also under that list. vietnam also under that list. we're not seeing any market we're not seeing an; �*a'se�* yet we're not seeing an“; �*a'se�* yet but donald trump reaction yet but donald trump said he would do this a day earlier and so may have earlier and so markets may have broadly in news of

broadly factored in the news of the tariffs. was " �*a 10% tariff but ”haas, ,, , 7 iof 77 country ”hiof 77 country is of country is a in 151i}; £9705 z i'ri’iiii’; £9705 have mention in this region have been duty—free expos been. eoieyiog duty—free eves: , ~ —~~ the been. eoiegioa duty—free eves: , ~ —~~ the us becausejoe into the us becausejoe biden had deals with for had struck deals with them for water why exemptions or water deals. why is donald trump doing this? iesedfonald trump doing this? and those iesedggald trump doing this? and those who work for to protect economic mercedes to protect economic and national security and to and national. security and to america does not have to ensure america does not have to rely on nation. —— who rely on foreign nation. —— who work with say it is to 7 ' iusdistillersi " it could ”romt the it could --romt the eu to feel it could prompt the eu to raise duties on american and return. f??? “55“? w gmékéfi 77 7 w w "7” "7 and return. we are measure is to expecting'this measgre is to effect expectingthis measgre is to effect march expectingthis measure is to effect march fourth. it to whether will come down to whether countries can individual countries can negotiate exemptions to the

any more detail the exemption for australia ? australia is special 77 special treatment. 77 special treatment. detail 1:0 minute conversation of a a0 minute conversation australian betwssnihs australian'frir'ns anthony and minister anthony albanese and president trump during which time the us president australian as a the australian pm as a nice person. so certainly we conversation was understand the conversation was cordial and constructive and during conversation, mr albanese, the australian sustralia post was presenting australia post maccas to avoid those steel mr trump later sent an tariffs. mr trump later sent an exemption for australia was under but iiifthey they would no said they would be no exceptions so australia now is z— to exactly what trying to decode exactly what the meeting meant for australia and its aluminium australia is a small player in this

relatively small player in this global bill, accounting for 5—1 tv 1% of tv 77 1%7of global 77 77 1%7of global steel around 1% of global steel and about 2% of global mm ex-orts but the trade aluminium exports but the trade is more $230 million some significant economic s— h 7 iif these consequences if these tariffs are to be imposed, noting are to be imposed, worth noting as well the conservative as well that the conservative opposition leader here in ? 7 peter dutton, said australia, peter dutton, said these if they were these tariffs if they were ~ — , on would e— ”hifithebilateiral relationship. thank you very much for — relationship. thank you very much for getting _ relationship. thank you very much for getting us - relationship. thank you very much for getting us across l an expert explained by were introduced. l tariffs were introduced. i think this plays into the broader donald trump narrative which is

when it self-sufficiency'whsrlit'cpr'nss strategic chain, te strategic sepetysheia.~——~~— . , steel, technology etc. 77 7back to 777 this hearkens back to trump one, when he did the one, when he did exactly the same thing. this around same thing. this time around there be some play here for there may be some play here for perhaps some concessions. we heard already that have heard already that australia has for to the actual exception to the actual tariffs. will trump tariffs. what will trump and the administration get in for that? they will return for that? they will likely ask more capacity return for that? they will likely as by more capacity return for that? they will likely as by australian lacity 77 7 and other 77 and otherforeign in the 77 in the us 77 in the us to 77 in the us to bri7ng steelmakers in the us to bring up steelmakers in the us to bring up us capacity, i think.- your 7ssesj32: your thoughts what domestically ih domestically in us does domestically in the us versus what it does internationally? as, versus what it does internationally? versus what it does internationall ? �* , internationally? a very uneven result. domestic— internationally? a very uneven result. domestic steelmakers | it but automakers, was

welcome it but automakers, was makers of mentioned. meters sf’” and and maflsfaftr�*c arts! easementamj —— —— — —— —— — hand tools, machinery, hand tools, automobile puzzling component that all required these inputs, prices will go up and that is somethin- they're something they're going to not something they're going to happy elon musk and a group of investors are offering over $97 billion to take control of openai. the company's boss, sam altman, has shot down the unsolicited offer, saying �*no thank you' on musk�*s social for more let's get to new york and north america business correspondent, ritika gupta. boss altman has rebuffed a reported bid to buy the non—profit chat gdp created a group of led by by a group of investors led by none other than elon musk. the gene other than elon musk. the billion were submitted to $87 billion were submitted to the board on monday. it is been theboard'on m'ondsyiit is been by the'board'on m'endeyiit is ldeer] by elon the'bbard'bn mbndeyri�*t is been by elon musk x aa which backed by elon musk x aa which could merge with openai following a as well following a deal as well as

other —— x aia. 35171747 is a fuel sent there is a fuel sent the trying to into full profit transition into a full profit a non—profit entity. from a non—profit entity. needed to secure the capitol needed to secere the eritet to needed to secere the respite! to the best aia needed to develop the best aia models. last year elon musk filed a suit against and filed a suit against openai and sam altman they sam altman saying they originally approached to sam altman saying they orig a ally approached to sam altman saying they orig a non—profit :hed to sam altman saying they orig a non—profit on d to find a non—profit on developing ai find a non—profit on developing alto find a non—profit on developing al to benefit humanity but now was focused on making elon musk 7 7757170757 hem? 7 77 77elo7n7 iviliéii and; 7075enai money. elon musk funded openai with sam altman but before took off. where it is becoming used more widely is in smartphones. of smartphones higher last year, according breaking a two—year slump.

he explains how much of this growth is due to new ai features in phones. i think one of the biggest trends saw in the market was trends we saw in the market was premium segments continues to even though a huge part boom even though a huge part came from a refresh of cheaper came fremreerefresh ef cheaper to the devices. according to the data from last year, we saw the from last year; we saw the number of smartphones highest nbmberofsmartphones worldwide ever, that shipped worldwide ever, that cost more $600, the same eest more than,$600. the same those costing more than ferthese sestina mere�*ha" . , , we have never had ferthese testing mere�*ha" , , , we have never had the $800. we have never had the number of phones being same number of phones being sold ai capacity is the key sold and ai capacity is the key investment coming into these devices. currently we are at basic ai features, looking at basic ai features, translation features, several search for the really to search for the really interesting part that are . {0 to assess and figure 7 to assess and figure out trying to assess and figure out goeming around trying to assess and figure out ecoeming around the = -= �* is what7these corner is what these features can look like the future can look like in the future will beget not large will beget not just large language will beget notjust large

language models but action 7 77that 77 77that can help enabling much ecosystem down the much smarter ecosystem down line. ~ . . . the line. we have seen chinese deepseek _ the line. we have seen chinese deepseek shake _ the line. we have seen chinese deepseek shake things - the line. we have seen chinese deepseek shake things up - the line. we have seen chinese deepseek shake things up of. the line. we have seen chinese. deepseek shake things up of the few weeks, due in part to �* much but it been to how much she but it has been to run. do you costs coming run. do you seek costs coming a lot because of how china been things and has been developing things and �*do you has been developing things and �* do you see that knocking on hawrdeyeb see—rthat—rknesking en the smartphone market? so into the smartphone market? �*we have not seen too much far we have not seen too much actually up from it. actually shake up from it. apart from the challenge from smartphone fenders is that devices coming through a 77 7 model that 7 7 77 7 model that puts 7 hybrid model and that puts a lot of pressure on the actual inaudible of the device and mpu can bring, there are what mpu can bring, there are huge requirements for the chips hege reaeirernents fer the'ehies also at the cloud, looking and also at the4lmdd,7leeking the which at the hetflerhs tewards nlc“ infrastructure is on the infrastructure is run on devices so i think for a lot of hardware it is a

hardware manufacturers it is a bit of a relief because bit,9.f.a.[e“ef because into ai bitpffilelief because into ai is incredibly ingesting inte a! is ineresiibbfi for ingesting inte a! is ineresiibig;i for a ingesting inte a! is insresiibig;i for a lot of them so seeshiiss ff” a [fit at the; is opportunity of costs is yyelcomed yyith lower costs is welcomed with open arms. the question is 2:2 7= -: 7ho7w7it7w7il7l77777 7 7 7 "ha it7w7il7l mash perhaps how it will develop which is it to be seen for as an attractive destination for major ai firms, in direct competition to the us where president trump has torn speaking at the summit on monday, french president emmanuel macron said ai companies should choose his country for their business needs. year, we 90 terawatt which means we can localise a lot of that on top of what we need in terms of for lor our oyyh

electricity for our own companies, our own households, so it is very important, and it with a