Bessent Sees Nvidia, AMD China Agreements as a Model for Others

Treasury Secretary Scott Bessent, if they pay 15% of the relevant income to the US government, Nvidia Corp. and Advanced Micro Corp. and Advanced micro devices AI.

“I think we can see it in other industries over time, Bess Bessent said in a television interview about Bloomberg supervision on Wednesday. “Right now, this is unique, but now we have a model and beta test, why don’t you expand?”

Bessi gave President Donald Trump with the “very unique solution ve of allowing Nvidia to expand in China and become a bell for China technology, and the US taxpayer is a“ share ”. The authority said the Treasury will pay the debt from the regulation.

“If we can give an important lending” repayment, this will allow controversy about the program to send money to the taxpayers.

He wanted to inform China’s companies to let NVIDIA H20 processors now allow for permission for the market, Bessent said with the Chinese, “Of course, we can discuss it.” “But he also tells me that they are worried that Nvidia chips will become standard in China.”

On Tuesday, Bessent said he would meet again with his Chinese colleagues who spoke about Fox Business in the next two or three months ”. He rejected China’s possibility of imitating other US trade partners in gaining tariff aid to increase the US investments.

When asked that China can commit billions of dollars such as Japan, South Korea and the EU, as part of the trade agreements, “My opinion is no, because the funds coming from purchasing or purchase will go to the critical industries that we need to reshape and go to the critical industries that need to be removed from China.” He said.

“It’s not what’s going to be my opinion, Bess Bessent said in an interview with Fox Business on Tuesday.

Tech and artificial intelligence are among the highest profiles of competition areas among the two largest economies in the world. President Donald Trump extended the search for higher tariffs on Chinese goods until the beginning of November 90 days, which is a movement that stabilizes trade ties between the two largest economies in the world while trying to make an agreement.

Chinese companies in sectors such as electric vehicles have opened factories abroad to access new markets, which is a movement that can help them make US tariffs.

He also said that Washington wanted to see measures for a long time from China to provide the flow of chemicals used to make fentanil before dropping Trump’s tasks on the subject.

“We will have to see it for months, if not a year or not for a year, even if it is not a year to imagine that these tariffs have fallen,” he said.

With the help of Philip Gennn.

This article was created from an automatic news agency feeding without changing the text.