Tim Cook visited the White House and presented a glass plaque as a gift, along with announcing a $100 billion investment in US manufacturing. On the same day, President Trump exempted Apple from new tariffs on imported computer chips. This visit coincided with a significant shift in trade policy, allowing Nvidia and AMD to export certain AI chips to China under new revenue-sharing agreements with the US government. Trade experts caution that this arrangement could destabilize trade relations by implying that export controls are negotiable.
Apple CEO Tim Cook visited the White House, offering a glass plaque and announcing a $100 billion investment in US manufacturing, coinciding with tariff exemptions for the company.
The interaction between Apple and President Trump echoes a deal-making strategy reminiscent of Trump's real estate background, highlighting the complexities of tech and trade negotiations.
The decision to allow Nvidia and AMD to sell AI chips to China in exchange for a revenue share with the US government marks a significant shift in export control policies.
Trade experts warn that allowing companies to essentially pay for export licenses can create instability in trade relations and undermine the purpose of export controls.
Collection
[
|
...
]