Trump says he will cut fentanyl tariff on Chinese goods and expects ‘great deal’ with Xi – business live
Most Asian stock markets rally on trade deal optimism, ahead of expected US interest rate cutShares in Nvidia jumped after Donld Trump said he will discuss the US chipmaker’s Blackwell artificial intelligence processors with Chinese leader Xi Jingping, calling the chip “super duper”. He said the company’s chief executive Jensen Huang recently brought a version of it to the Oval Office.Trump already said a few months ago that he would consider allowing Nvidia to export a downgraded version of its Blackwell processor to China. This would be a major win for Nvidia and a significant concession to Beijing – and upend Washington’s campaign to curtail China’s prowess in AI. Continue reading...
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Most Asian stock markets rally on trade deal optimism, ahead of expected US interest rate cut
Shares in Nvidia jumped after Donld Trump said he will discuss the US chipmaker’s Blackwell artificial intelligence processors with Chinese leader Xi Jingping, calling the chip “super duper”. He said the company’s chief executive Jensen Huang recently brought a version of it to the Oval Office.
Trump already said a few months ago that he would consider allowing Nvidia to export a downgraded version of its Blackwell processor to China. This would be a major win for Nvidia and a significant concession to Beijing – and upend Washington’s campaign to curtail China’s prowess in AI.
Continue reading...
