American president Donald Trump loves his prices and it seems that even a meeting with the CEO of Nvidia, Jensen Huang, could not persuade him to change CAP.
“Finally, we are going to put prices on chips. We will put prices on oil and gas. This will happen soon. I think that on February 18”, the president said The press in the middle of another series of management decrees on Friday.
Trump made these remarks when asked for a meeting with Huang last week. Nvidia told us that during this session, Huang discussed the importance of strengthening American technology and AI leadership.
But in addition to reaffirming his plans To place new import prices on semiconductors manufactured abroad, which, according to him, could also be 100%raised, the president has not entered the details of the cat. “I can’t say what will happen. We had a meeting. It was a good meeting,” he said about his catch-up with Huang.
Instead, Trump took the opportunity to rent the economic lever. To return to his first mandate, the prices have become a favorite negotiation currency to reach the geopolitical and economic agenda of Trump. During the weekend, the American president announced a rate of 25% on imports from Canada and Mexico as well as an additional right of 10% on imports from China, but following Important rates for the counterposer and reprisals on American imports by Canada and Mexico, the White House chose for a break of 30 days and more for the two American neighbors.
With Trump looking at another series of taxes on chips and other goods, we can see why they could be a subject of interest in Huang. The Nvidia chips are mainly manufactured outside of his native country Nation of America and would therefore be subject to the foreign semiconductor rate; On the one hand, the TSMC of Taiwan manufactures NV graphic processors and AI accelerators. And because these import rates are paid by the importer, this has the potential to cause lower margins for Nvidia, unless the costs are passed on to buyers.
Asked about the impact of inflation prices and consumers, Trump said that “prices do not cause inflation, they have succeeded” and said “that there could be temporary short -term disturbances and People will understand this. “
In the short term or not, the impact of prices should go up The cost of electronics in America. In fact, the American prices offered on Canada have already aroused tensions in the technology sector. In response, the government of Ontario threatened His Starlink contract. With the break of 30 days and more, however, Canada has interrupted its reprisal measures, including the discussed Possibility of restricting energy exports to the United States.
However, prices are not the only reason Huang could have to meet Trump.
Nvidia ended up at the center of the American trade war with China. The most aggressive of these rules, implemented By the Biden administration a few days before the expiration of its mandate, establishes export ceilings on the sale of GPUs and other ACC accelerators sold to most of the world.
The decision, which restricts Nvidia’s ability to sell its goods outside a handful of allied nations, triggered outrageous of the flea designer.
“In its last days in power, the Biden administration seeks to undermine America management with a regulatory swamp of more than 200 pages, written in secret and without appropriate legislative examination,” said the vice-president of government affairs Ned Finkl. “The new Biden administration rule threatens to waste the hard technological advantage of America.”
Given the fact that the task of implementing export controls is now a matter of the Trump administration, we imagine that the subject is probably noted. ®