Reported about 9 hours ago
In a controversial new trade policy, the US government has struck a revenue-sharing deal with Nvidia and AMD, requiring them to pay 15% of sales from specific chips exported to China. This unusual arrangement, described as a monetization of US trade policy, may lead to legal challenges as it resembles an unconstitutional export tax. Critics warn that this shift could create a dangerous precedent in US trade practices and may invite further government intervention across various industries.
Source: YAHOO