US Farm Trade Deficit Hits Record as Historic Shift Deepens
The value of agricultural exports trailed that of imports by $4.1 billion in June — a gap 14% wider than a year earlier — pushing the sector's deficit to a staggering $28.6 billion for the first six months of the year, according to data released Thursday by the US Department of Agriculture.
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Nvidia (NVDA) Nvidia shares dipped in pre-market trading on Monday following reports that the chipmaker has agreed to an unprecedented arrangement to pay the US government 15% of its China-derived revenues in exchange for export licences. The revenue share applies to Nvidia's H20 chips, according to the Financial Times, citing a US official, noting that the Trump administration had yet to determine how to use the money. The chipmakers agreed to the quid pro quo arrangement as a condition for obtaining export licenses for the Chinese market that were granted last week, according to the unnamed official. According to export control experts, no US company has ever agreed to pay a portion of their revenues to obtain export licenses, the newspaper said. Read more: Stocks to watch this week: CoreWeave, Cisco, Aviva, Entain and Persimmon Donald Trump has encouraged firms, and countries, to make investments in the US to, in his words, 'buy down' the tariff rates he imposes. 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