China, NVIDIA and Donald Trump
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As President Donald Trump announced a $12 billion farm aid package this week to help U.S. farmers hurt by tariffs, he placed responsibility for the U.S. agricultural trade deficit on former President Joe Biden.
President Donald Trump on Monday announced he’s removing export controls on Nvidia’s H200 chips to China, a key reversal in what’s become part of a broader trade war between the world’s two biggest economies.
President Donald Trump announced a $12 billion farm aid package to support U.S. farmers amid ongoing trade negotiations with China and tariff concerns.
President Trump will let Nvidia sell H200 chips in China, but the U.S. government will take a cut of the revenue (in what amounts to export tax).
Donald Trump’s decision to allow Nvidia Corp. to sell advanced chips to China marks more than just a shift in US tech policy. It also raises questions about how far he’ll go to steady ties with Xi Jinping.
BEIJING: China's exports topped forecasts in November, driven by a surge in shipments to non-U.S. markets as manufacturers deepen trade ties with the rest of the world in light of President Donald Trump's prohibitively high tariffs.
China’s trade surplus in goods has surpassed $1tn for the first time, highlighting a boom in the country’s exports despite US President Donald Trump’s tariff war. In the year to the end of November, China’s trade surplus in dollar terms was $1.076tn, according to data released by China’s customs administration, which covers goods but not services.
The Trump administration did not mention crypto or blockchain in its national security strategy, despite Donald Trump’s desire to ensure that China doesn’t surpass the US in crypto.