Donald Trump is letting Nvidia and AMD sell some chips to China — but only if they pay a 15% tax. That’s the opposite of Trump’s tariff push.
BUSINESS
NVIDIA, AMD to Hand Over 15% of China AI Revenue to US Government
The US has sought to maintain its sovereignty in AI, citing national security concerns and financial motivations.
China bans Spanish poultry imports due to bird flu
China has banned imports of poultry and related products from Spain over an avian influenza outbreak, China’s customs administration said in a notice dated August 7 released on its website. Spain’s …
Pay-to-Play? Trump Slaps 15% “Export Tax” on Big Tech’s China AI Chips
The Trump administration has forced Nvidia and AMD to share their profits in exchange for access to the lucrative Chinese market, creating a radical new playbook for the U.S. tech war. For Nvidia and AMD,
Ant Group Denies Rumors of Rare Earth-Backed RMB Stablecoin With People’s Bank of China
Ant Group has dismissed speculation that it is collaborating with the People’s Bank of China to issue a rare earth-backed RMB stablecoin.
Trump wanted manufacturers to diversify away from China. Now many that heeded that call face stiff new tariffs
South and Southeast Asian countries are caught in the crossfire of Trump’s trade war and are now facing some of the highest tariffs in the world …
Chipone circles back to STAR Market IPO after unraveling—and a CNY30B rebound
Co., Limited, a top-tier Chinese display chipmaker valued at CNY30 billion (US$4.2 billion), has restarted its bid to go public on China’s STAR Market. On August 5, 2025, the company filed its IPO …
Alloy Steel: Anti-Dumping Duty Sought on China Imports
Alloy steel industry petitions DGTR for anti-dumping duties on cheap steel imports from China, impacting local steel producers.
Chinese Chery’s Omoda, Jaecoo brands launch in Iraq with Jameel as distributor
Jameel Motors has signed a deal to distribute automaker Chery’s (CHERY.UL) Omoda and Jaecoo brands in Iraq, the two companies said on Monday, joining other Chinese companies that have entered the …
Saudi crude oil supply to China set to fall in September, sources say
Saudi Arabia’s crude oil exports to China are set to fall in September, slipping from a more than two-year high in August after the world’s largest exporter raised prices, three trade sources said on …
Nvidia, AMD to pay 15% of China chip sales to US government, reports say
Under the agreement reached with US President Donald Trump’s administration, Nvidia will share 15 percent of revenues from sales of its H20 AI chip, while AMD will pay the same percentage of MI308 chip revenues,…
Trump calls on China to quadruple US soybean imports
The US president’s comments address one of the key pressure points for Washington in its trade war with Beijing.
‘Rapid service’: Donald Trump presses China to increase soybean imports to ease deficit; tariff deadline expiry looms
Donald Trump urged China to significantly increase its soybean orders to alleviate its shortage and reduce the trade deficit with the U.S., as the tar …
