Nvidia gets green light: US clears chip exports to China; company avoids billion dollars hit after CEO’s meeting with Trump

The United States Commerce Department has begun issuing licenses to Nvidia to export its H20 chips to China, a US official told Reuters on Friday, marking a major breakthrough for the AI giant’s access to one of its most important markets.The move follows Washington’s decision last month to reverse an April ban on sales of […]

US tariffs: Trump plans to levy 10% duties on goods from African and Caribbean nations; targets pharma and chip sectors next

US President Donald Trump announced on Tuesday (local time) that he is planning to impose tariffs of over 10 per cent on goods from smaller countries, including nations in Africa and the Caribbean, news agency AP reported. “We’ll probably set one tariff for all of them,” Trump told reporters, explaining that the rate could be […]

US eyes AI chip curbs on Malaysia, Thailand over China concerns

Trump administration is planning new restrictions on the export of AI chips, such as those from Nvidia, to Malaysia and Thailand over concerns that the technology could be diverted to China, Bloomberg News reported on Friday, citing people familiar with the matter. The draft rule from the commerce department is not yet finalised and could […]

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