'A way to show fealty.' Trump tightens grip on big business with Nvidia, AMD deal

US-China Trade & AI Chip Sales - The Trump administration is reportedly seeking a 15% cut of all AI chip sales to China from companies like Nvidia and AMD, potentially generating $2 billion in revenue [1][6] - Concerns arise that this arrangement might be unconstitutional as an export tax and could set a precedent for economic racketeering, jeopardizing US economic and national security [1][7] - The policy shift reverses previous export controls designed to maintain US leadership in the AI race, raising questions about prioritizing revenue over strategic advantage [5][6] Bureau of Labor Statistics (BLS) Commissioner Appointment - The appointment of EJ Anton, a critic of the BLS from the Conservative Heritage Foundation, raises concerns about potential political influence on data collection and reporting [1][11] - Anton's background lacks specialized expertise in labor statistics, unlike previous commissioners, fueling worries about the integrity and reliability of BLS data [9][15] - The appointment is viewed as part of a broader trend where government influence and potential data manipulation could erode trust in the US economy and institutions [14][16] Economic Policy & Investment Climate - The described actions are perceived as creating an environment where companies feel compelled to pay tribute to the government to conduct business in the US [14] - Such policies could deter foreign and domestic investment by undermining the rule of law and the independence of institutions like the central bank [16][17] - The situation is compared to a slippery slope where compromising economic and national security for short-term gains could have long-term negative consequences [7][16]