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Trump's deal with Nvidia puts our national security on sale to the highest bidder [Los Angeles Times (CA)]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
health, it gives business leaders clear options to get what they want out of the White House. The latest case-in-point are the deals struck by chipmakers Nvidia and AMD to secure licenses to export their products to China. The White House named the price — 15% of their revenues from such sales — and the companies assented willingly. Never mind that the exports originally had been banned — by the Biden administration and Trump himself — because of national security concerns. Never mind that the U.S. constitution explicitly prohibits charging any tax or duty on exports. Never mind that a stack of U.S. laws, including the Export Control Reform Act of 2018, which Trump signed, don't provide a pay-to-play escape clause from export restrictions. Never mind that the exports may strengthen the domestic industry and even its military of China, a country that has been the consistent target of Trump trade policies. Despite all that, Trump treated the deals as a win for the U.S. Explain
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