Amid a deepening structural decoupling between the US and China and the full-scale launch of the artificial intelligence (AI) investment cycle, the map of American imports is undergoing one of its most consequential shifts in decades.
The US government will halt the collection of tariffs imposed under the International Emergency Economic Powers Act (IEEPA) starting February 24, 2026, following a February 20 executive order titled "Ending Certain Tariff Actions." While the rollback removes a major cost burden for importers, President Donald Trump's plan to impose a broad 15% tariff on most global imports threatens to offset much of the relief, especially for the technology sector.
To accelerate the expansion of its Snapdragon X series processors in the PC market, Qualcomm has recruited former AMD corporate vice president Jason Banta as vice president of global compute sales. He will oversee channel sales strategy across consumer and commercial markets and expand OEM partnerships.
