China, NVIDIA and Trump
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President Donald Trump announced a $12 billion farm aid package to support U.S. farmers amid ongoing trade negotiations with China and tariff concerns.
China for months earlier this year had boycotted purchasing soybeans from U.S. farms because of a trade war began by President Donald Trump.
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.
America’s chipmakers, led by Nvidia, are far ahead. American policymakers are divided on how to use that advantage to greatest effect. Some argue for blocking China’s access to cutting-edge chips to hobble its AI developers.
China appeared largely unfazed by the Trump administration’s tariff regime, posting a record annual trade surplus of more than $1 trillion as of November. According to new customs data released Monday,