Trump Meets With Nvidia's Huang as Chip Tariffs Loom
[Stay on top of transportation news: .]
U.S. President Donald Trump met Aug. 6 with Nvidia Corp. CEO Jensen Huang at the White House, as he readies sweeping new tariffs on semiconductor imports.
Huang’s visit came hours before another tech leader — Apple Inc. CEO Tim Cook — was set to announce a commitment for$100 billionin fresh domestic manufacturing investments. Both executives have lobbied Trump to exempt their products from the looming import taxes, which the U.S. president has said he plans to unveil as soon as next week.
“We’re going to be announcing on semiconductors and chips, which is a separate category, because we want them made in the United States,” Trump said in an interview with CNBC on Aug. 5.
(CNBC Television via YouTube)
Those levies could have a significant impact on Nvidia, whose chips and related hardware are primarily produced in Taiwan. The company’s products are seen as critical to emerging artificial intelligence technologies.
The meeting between Trump and Huang was described by an administration official on the condition of anonymity, and first reported by CNBC.
RELATED:Auto Industry Pushes Back on Trump’s Chip Tariff Threat
The pair met just last month at the White House, and Huang also attended an AI summit with the president and senior administration officials.
Shortly after the July gathering, Nvidia announced it would be allowed to resume selling its H20 AI chips to China as part of a recent trade truce with Beijing. The Trump administration had frozen the sale of those chips to China earlier this year as trade tensions spiked between the world’s two largest economies.
Want more news? Listen to today's daily briefing belowor go here for more info:
