Nvidia and Advanced Micro Devices have agreed to pay 15% of their China chip revenues to the U.S. government in exchange for export licenses.
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China volumes, tariff anxiety helps surging US container imports challenge ’22 record
Imports of containerized cargo through U.S. ports finished just shy of a monthly record in July, headlined by a recovery of China shipments through the busiest American gateways. The post China volumes,
Trump is calling Wall Street’s bluff on tariffs
Trump always chickens out — earlier this year to describe President Donald Trump’s on-again, off-again position on tariffs. Trump liked to impose hefty import taxes but would inevitably back off when markets plunged,
China Rare Earth Group, Ant Group quash reports of joint stablecoin effort with PBOC
China Rare Earth Group, Ant Group, and the People’s Bank of China (PBoC) have come forward to deny rumors that claim they plan to launch a joint effort to …
Stock market today: Dow, S&P 500, Nasdaq waver as Trump reportedly extends China tariff deadline
Wall Street is coming off a week that saw the Nasdaq Composite notch two consecutive records at its end. The S&P 500, meanwhile, just missed a record close on Friday. Tech stocks …
Bitcoin rises above $120,000 ahead of key inflation data: CNBC Crypto World
On today’s episode of CNBC Crypto World, bitcoin retakes the $120,000 level after an overnight rally, while ether jumps above $4,000 for the first time since December 2024. Plus, Chainlink partners …
Nvidia is willing to pay the US government $3 billion to save its business in China
Nvidia (NVDA) has reportedly cut an unprecedented deal with the Trump administration to save its China business that would entail sharing as much as $3 billion in revenue with the US government for the current…
Michigan Lawmaker Slams GM for Importing EV Batteries From China
General Motors is catching flak in its own backyard for its decision to import batteries from China for its most affordable electric vehicle, the forthcoming second-generation Chevrolet Bolt. Rep.
Asia’s quiet tokenization revolution shows how the blockchain becomes ‘real’
Financial innovators are tokenizing real-world assets like artwork, real estate—and, if two small Asia-based startups have their way, clean energy.
What the new China chip taxes tells us about doing business in Trump’s America
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.
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,
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