According to BlockBeats, on August 22, US President Trump's 50% tariffs on some Canadian goods took effect this week, further escalating trade tensions between the US and Canada. This has prompted the Canadian government to accelerate the search for alternative markets, expand domestic trade, and advance large-scale infrastructure projects in order to reduce its dependence on the US economy.

Currently, about 70% of Canada's exports go to the United States, indicating a high degree of economic interdependence between the two countries. Previous U.S. tariffs on automobiles, steel, aluminum, and lumber have already put pressure on Canadian manufacturing, leading to job losses and slower economic growth. Canada even experienced two consecutive quarters of economic contraction this year, plunging into a technical recession.

The latest round of 50% tariffs affects approximately $20 billion of Canadian exports to the US, representing about 5.5% of Canada's total exports to the US, and covers goods such as hockey sticks and cement. Canadian Prime Minister Mark Carney stated that Canada will retaliate with "equivalent tariffs" to protect its businesses and jobs.

The market is focused on Trump's previous refusal to renew the USMCA (United States-Mexico-Canada Agreement) exemptions, which has put the trade agreement into its annual review phase. Analysts believe that the US's removal of some trade protections could create the risk of further expanding tariffs.

Faced with trade pressures, the Carney government is promoting economic diversification. In recent years, Canada has strengthened its economic and trade cooperation with China, India, Saudi Arabia, and European countries, and has promoted the expansion of exports to non-US markets. Data shows that in 2025, Canada's exports to non-US markets grew by 11%, reaching as high as 33%, the highest level in more than 40 years.

In addition, Canada is strengthening its domestic economy, including lowering inter-provincial trade barriers, expanding ports, developing key mineral resources, and supporting energy infrastructure development. The government plans to invest C$115 billion (approximately US$83 billion) in infrastructure and C$82 billion in defense over the next few years.

According to BlockBeats, MaxForAI reported on August 22 that Gao Jianlin, the core head of Tencent's chip R&D, has recently left Tencent to start his own business. He plans to develop a high-performance CPU based on the RISC-V architecture, focusing on high-performance AI servers and Agentic AI.

Gao Jianlin is considered one of the core early promoters of Tencent's self-developed chip system. According to reports, he established an FPGA hardware team within Tencent in 2013, began to lay out AI chip research and development in 2018, established the Penglai Laboratory in 2020, and promoted the research and development of multiple AI chips and their deployment in data centers within Tencent.

This startup focuses on CPUs, rather than the currently fiercely competitive AI GPU market. The report states that Gao Jianlin believes that with the rapid development of Agentic AI, the AI inference process will involve model invocation, tool execution, searching, database interaction, and a large number of task scheduling, in which case the CPU will play a more important scheduling and control role in AI systems.

According to reports, Gao Jianlin was involved in RISC-V-related R&D during his time at Tencent, participating in multiple technical areas including chip architecture, verification, and backend development. His new company plans to build high-performance server CPUs based on the open instruction set RISC-V to enter the AI infrastructure market.

Currently, the name of Gao Jianlin's new company, its financing details, and the specific product launch date have not been disclosed. The market is watching closely to see if it will become another emerging force in China's AI chip industry, targeting server CPUs and intelligent agent infrastructure.

According to BlockBeats, on August 22, trading activity at the address of "Machi Brother" Huang Licheng has reversed dramatically recently. After experiencing nearly 500 margin calls, his account grew from $152,000 to over $10 million in just three days.

However, during the recent short-term plunge in crypto trading over the past two hours, the balance in his account fell from $12.8 million to $10.8 million within 80 minutes, demonstrating significant volatility.

Currently, it still holds long positions in 888.88 BTC and 19,100 ETH, with the Bitcoin long positions showing a floating loss of $470,000 and the Ethereum long positions showing a floating profit of $2.17 million.