By Kenneth Rapoza, Reporter/Columnist for Coalition for a Prosperous America
The China-U.S. tariff truce survives - thanks to Nvidia
President Trump agreed to
extend the tariff trade truce 'til Nov. 9. Here's why: Trump and Nvidia (NVDA) CEO Jensen Huang. Nvidia this week
agreed to give the U.S. government a portion of its revenue from selling
computer chips to China. U.S. multinationals have been giving China free
lobbying for years. But perhaps the greatest example of this came on July 14.
That's when tech-giant Nvidia said it got the go-ahead from the Trump
administration to sell the company's H20 micro-processing unit to Chinese
buyers - possibly used for supercomputing AI platforms, possibly used for
defense purposes. Nobody knows. [more...]
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