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Friday, December 5, 2025

Is It a Tax, or a Payoff?

A deal for Nvidia and AMD to give the Trump administration a cut of chip sales to China raises questions about national security and trade policy goals.

Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced and 

As President Trump has waged trade wars around the globe, he has said that his goal is to establish American superiority in international commerce and in key areas like artificial intelligence.

But news that his administration struck a deal in which Nvidia and Advanced Micro Devices agreed to pay the U.S. 15 percent of what they make in selling A.I. chips to China in exchange for export licenses raises key questions…

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