US Commerce Secretary Lutnick's boast about supplying China with Nvidia's "fourth-best" AI chips sparked outrage, prompting Beijing to urge tech firms to halt purchases of Nvidia's H20 processors and accelerate domestic AI chip production. This move aims to triple output by 2026, reducing reliance on US technology and reshaping global semiconductor dynamics.
President Trump threatened a 200% tariff on Chinese goods if Beijing curbs rare-earth magnet exports, escalating U.S.-China trade tensions. These magnets are vital for EVs, military hardware, and more, with China dominating 90% of the market. This bold move risks supply disruptions and higher costs, underscoring the need for diversified U.S. supply chains.
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