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US Trade Chief Says Trump Reset Global Trading Order
Bloomberg Television· 2025-12-19 14:01
I want to start on how busy 2025 really was looking ahead to 2026. Do you expect the same kind of pace with respect to trade deals, with respect to trade announcements. Well, during 2025, President Trump, the administration has essentially reset the global trading order to move from, you know, total liberal trading to United States without any cost to a new fair and balanced approach.We have we've announced lots of trade deals even now, lots of tariffs. As you know, in the coming year, we expect to finalize ...
US Trade Chief Says Trump Reset Global Trading Order
Youtube· 2025-12-19 14:01
I want to start on how busy 2025 really was looking ahead to 2026. Do you expect the same kind of pace with respect to trade deals, with respect to trade announcements. Well, during 2025, President Trump, the administration has essentially reset the global trading order to move from, you know, total liberal trading to United States without any cost to a new fair and balanced approach.We have we've announced lots of trade deals even now, lots of tariffs. As you know, in the coming year, we expect to finalize ...
EU's trade chief on reaching deals with China #politics
Bloomberg Television· 2025-12-15 20:17
And speaking of sort of rare earth minerals, this obviously has been thrust into the sort of uh the conversation very very in a very sort of obvious way now by the China. Are we getting closer is Europe getting closer to getting a general license from China as the United States has. >> Yes, I think that there I can I can say that we are in a very close uh contacts with foreign trade minister Vanguent and also his team.So we are communicating on different levels. We had here the team uh from China specializi ...
EU's Sefcovic on China, Licenses for Rare Earths
Bloomberg Television· 2025-12-15 19:36
Are we getting closer. Is Europe getting closer to getting a general license from China, as the United States has. Yes, I think that there I can I can say that we are in very close contact with Foreign Trade Minister and also his team.So we are communicating on different levels. We had here the team from China, specializing on export controls like couple of weeks ago, and I think we are getting initial reports from our industry that they are getting these general licenses, but we need to have a little bit m ...
Prominent Senate Republicans express concerns over Nvidia’s H200 chip sales to China
CNBC Television· 2025-12-10 16:21
Welcome back. A number of prominent Republicans are speaking out about Nvidia's potential chip sales to China following that policy shift from the Trump administration. Emily Wilkins joins us now from Washington.So, this turns out to be pretty controversial. Emily, >> Sarah, it is. I mean, remember, look, just two months ago, the Senate did vote for a package that included banning those H20 chips from going to China.And even though that provision is now out of this larger package, there are still a lot of C ...
U.S. uncovers scheme to reroute Nvidia GPUs worth $160 million to China despite export bans
CNBC· 2025-12-09 09:59
Core Points - U.S. authorities have shut down a China-linked smuggling network trafficking over $160 million in Nvidia AI chips [1][2] - The operation, named "Operation Gatekeeper," aims to restrict China's access to advanced AI technologies [2] - Two businessmen were arrested, and a Houston-based company has pleaded guilty to chip smuggling [1][3] Company Summary - Alan Hao Hsu and his company, Hao Global LLC, pleaded guilty to smuggling Nvidia H100 and H200 GPUs, which require special licenses for export to China [3][4] - Hsu's operation involved falsifying shipping documents to misclassify GPUs and conceal their destinations [4] - Nvidia stated that export controls are stringent, and even older generation products face strict scrutiny [5] Financial Implications - The smuggling operation involved at least $160 million worth of Nvidia GPUs exported or attempted to be exported between October 2024 and May 2025 [3] - Investigators traced over $50 million in funds from China that supported Hsu's smuggling scheme [4] - Hsu faces up to 10 years in prison, while Hao Global may incur fines up to twice its illicit gains [4]
Nvidia Can't Degrade Chips That Go to China, Huang Says
Bloomberg Television· 2025-12-04 15:08
Do you see this as a signal that the mood is changing and that national security is now the United States not having its technology sold internationally. Not that the US technology will be allowed out of the US into, say, China's hands. Yeah, there's a very specific point of distinction of what the omission of that that Rulemaking and the GAIN Act provides for the original proposal was that in video would have to prioritize American customers for the lead edge chips over a potential export customer, which w ...
X @Bloomberg
Bloomberg· 2025-12-01 08:22
Chinese export controls are forcing European companies to rethink how they operate and piling on extra costs https://t.co/tMyTOnUy70 ...