Gaming Out the Price of a Trump Trade Deal With China
We're also watching the fight that Elon Musk started with Apple (and Sam Altman jumping into the debate). We dive into all of that, and more, below.
Chips, and a truce
President Trump has again postponed, by another 90 days, one of his biggest trade battles, removing for now a major worry hanging over the global economy.
But even as Trump urges China to buy more American products like soybeans, U.S. lawmakers and national security experts are concerned about what the president is willing to agree to — notably potentially giving Beijing greater access to high-end artificial intelligence process technology.
The latest: At the White House on Monday, Trump defended an agreement in which Nvidia and Advanced Micro Devices could resume selling some powerful semiconductors to Chinese companies. In exchange, Washington will take a 15 percent cut of sales.
Trump justified the agreement by calling the Nvidia H20 processors at the heart of it 'obsolete' — but left open the possibility that Nvidia could soon sell a stripped-down version of its top-end Blackwell chips to China as well.
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