Trump's Export Restrictions on Nvidia Chips Heighten US-China Trade Friction
Recent developments highlight escalating tensions between the United States and China, particularly regarding technology exports and trade policies. President Trump’s advisers obstructed plans to ease export restrictions on Nvidia's advanced AI chips to China, citing national security concerns.
This decision jeopardizes Nvidia’s potential market gains in China, despite CEO Jensen Huang's lobbying efforts. Meanwhile, Treasury Secretary Scott Bessent hinted at future possibilities for Nvidia's Blackwell chips in the Chinese market, although no immediate plans exist.
As Trump prepares for a pivotal meeting with Chinese President Xi Jinping, he warns of steep tariffs on Chinese imports, further straining trade relations. These actions reflect a broader strategy of the U.S. government to maintain competitive advantage and address perceived threats from China's technological advancements.
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AP Business SummaryBrief at 6:32 a.m. EST
Nvidia’s Blackwell chips may eventually reach China, Bessent says
Trump advisers block plan to ease Nvidia chip exports to China ahead of Xi meeting
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