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  1. #3376
    dangerous floater Winehole23's Avatar
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    NVIDIA and AMD pay kickbacks to the US government to get around Trump's import controls



  2. #3377
    dangerous floater Winehole23's Avatar
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    imperial gloss

    So: Nippon Steel has provided a specific person, President of the United States Donald J. Trump, with governing power over their subsidiary corporation, a company worth (as of last week) $14 billion dollars. He holds this power not as an owner of equity, or as a director with fiduciary duties to equity owners, but simply by virtue of his office and political power.

    To be blunt: is the kind of thing corporations do to satisfy autocrats. Only in a personalist dictatorship do you give the head of state a role in your foundational corporate charter; it’s a courtier’s pact, made to curry special favor, and bind a political patron to the business.

    What’s curious, here, is not that corporations are seeking Trump’s favor – his constant demands for bribes are by now a regular feature of American governance, part of the wider MAGA Restoration’s effort to manage government as a protection racket. Nor is it surprising, these days, that the President of the United States has arranged matters such that his office provides him with ill-gotten cash flows through ownership of corporate ownership or licensing of corporate assets; that, too, is standard federal procedure now.

    No, what’s odd about this U.S. Steel deal is that the Trump regime appears to have arranged personalized governing power over a corporation, without acquiring ownership. They seized the opportunity to assert sovereign authority over a national enterprise, through a single person, not an owner’s property rights. In U.S. Steel, they have recreated the powers of a king.
    https://daelnorwood.com/2025/06/27/a...-incorporated/

  3. #3378
    Independent DMX7's Avatar
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    NVIDIA and AMD pay kickbacks to the US government to get around Trump's import controls


    I don't like it and it's weird. That said, nVidia pays a pretty low tax rate considering how much money it makes, so it's not completely outrageous.

  4. #3379
    Alleged Michigander ChumpDumper's Avatar
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    I don't like it and it's weird. That said, nVidia pays a pretty low tax rate considering how much money it makes, so it's not completely outrageous.
    you always find a way to support whatever Trump does.

  5. #3380
    Veteran velik_m's Avatar
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    So Nvidia can't export certain chips to China because "security concerns", but if they pay some money the security concerns disappear and USA is safe.

  6. #3381
    Independent DMX7's Avatar
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    you always find a way to support whatever Trump does.
    No, I really don't support everything he does but your hatred of Trump makes it impossible for you to see this and many other things clearly.

  7. #3382
    Veteran velik_m's Avatar
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    US and China reportedly agree to critical extension, preventing tariff surge on the world’s two largest economies

    The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, according to multiple reports citing White House officials. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high levels that had formed an effective blockade on trade between the world’s two largest economies.

    The news, first reported by CNBC, comes hours ahead of a 12:01 am ET deadline when tariffs on Chinese goods were set to rise to 64% from 30%. It’s unclear what rates China would have charged on American goods, which are currently subject to minimum 10% tariffs.

    It also comes after President Donald Trump imposed a slew of “reciprocal” tariffs on trading partners around the world, which have raised the United States’ effective tariff rate to levels not seen since the Great Depression.

    CNN reached out to White House officials for comment.

    Higher tariffs on Chinese goods, America’s second-largest source of imports, would have almost certainly raised the costs many American businesses and consumers could pay — or already are paying — because of increased import taxes Trump enacted.
    ...
    https://edition.cnn.com/2025/08/11/e...riff-extension

    TACO.

  8. #3383
    Independent DMX7's Avatar
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    So Nvidia can't export certain chips to China because "security concerns", but if they pay some money the security concerns disappear and USA is safe.
    There are limited security concerns but not enough to completely ban nVidia's lower-end chips from being exported.

    There's disagreement about the extent of security concerns within the Republican Party but Trump gets the final say.

  9. #3384
    Alleged Michigander ChumpDumper's Avatar
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    No, I really don't support everything he does but your hatred of Trump makes it impossible for you to see this and many other things clearly.
    What's the upside here selling the chips to China?

    List them along with the cons.

    I hate Trump because he is a president and a worse human being.

  10. #3385
    Independent DMX7's Avatar
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    What's the upside here selling the chips to China?

    List them.
    They're not selling nVidia's best chips to China.

  11. #3386
    Alleged Michigander ChumpDumper's Avatar
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    They're not selling nVidia's best chips to China.
    Edited.

    Great, they already undercut all our AI companies using ty chips.

    Tell us the upside of selling them more.

  12. #3387
    Independent DMX7's Avatar
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    Great, they already undercut all our AI companies using ty chips.
    No, they didn't.

    Tell us the upside of selling them more.
    Here's just a few:

    1.) nVidia, an American company, makes more money
    2.) US taxpayers get a cut of said money
    3.) China uses nVidia's "AI stack" which helps it become more of a global standard in AI
    4.) China also becomes more dependent on nVidia chips

  13. #3388
    Alleged Michigander ChumpDumper's Avatar
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    No, they didn't.
    of course they did. Where have you been?



    Here's just a few:

    1.) nVidia, an American company, makes more money
    2.) US taxpayers get a cut of said money
    3.) China uses nVidia's "AI stack" which helps it become more of a global standard in AI
    4.) China also becomes more dependent on nVidia chips
    So helping Nvidia become a monopoly helps consumers how?

    List them along with the cons.

  14. #3389
    dangerous floater Winehole23's Avatar
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    There's a chance Trump's pretextual tariff emergency could be declared illegal in the VOS Selections lawsuit

    Solicitor General John Sauer thinks the US would be ruined if forced to pay back illegally laid and collected import taxes

    https://storage.courtlistener.com/re...3105.154.0.pdf

  15. #3390
    Independent DMX7's Avatar
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    of course they did. Where have you been?.
    Of course they haven't. You've made this up or you literally don't know what you're talking about.

    So helping Nvidia become a monopoly helps consumers how?

    List them along with the cons.
    American consumers will have different choices and some companies will continue to design their own chips to meet their own needs.

    Like it or not, there are going to be a handful of major players in AI chips (including China's Huawei), so why not have an American company be the biggest and best? Sounds good to me.

  16. #3391
    Alleged Michigander ChumpDumper's Avatar
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    Of course they haven't. You've made this up or you literally don't know what you're talking about.
    you really don't know anything about Chinese AI.



    American consumers will have different choices and some companies will continue to design their own chips to meet their own needs.
    Which ones are making chips for the major AI companies?

    I'd love to see their sales compared to Nvidia.

  17. #3392
    Alleged Michigander ChumpDumper's Avatar
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    Trump steel plant explodes.

    Going great.

  18. #3393
    dangerous floater Winehole23's Avatar
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    There's a chance Trump's pretextual tariff emergency could be declared illegal in the VOS Selections lawsuit

    Solicitor General John Sauer thinks the US would be ruined if forced to pay back illegally laid and collected import taxes

    https://storage.courtlistener.com/re...3105.154.0.pdf
    Sauer is lying about foreign countries paying us trillions of dollars, btw

  19. #3394
    dangerous floater Winehole23's Avatar
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    You've been crying for higher taxes for a decade, what changed your mind?
    Taxes for what?

    A Trumpy gangster/police state? To partially offset massive tax cuts for rich people?

    No thanks

  20. #3395
    dangerous floater Winehole23's Avatar
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    Monumentally stupid. Trump is tripping off the deep end.
    you were only getting ready to kiss Donald Trump's ass again six years later

  21. #3396
    dangerous floater Winehole23's Avatar
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    I don't like it and it's weird. That said, nVidia pays a pretty low tax rate considering how much money it makes, so it's not completely outrageous.
    it's 100% illegal to lay export taxes in the USA

    Nvidia and AMD to pay 15% of China chip sale revenues to US government (archived)

    Chipmakers agree to unusual arrangement to secure export licences from Trump administration

    Nvidia and AMD have agreed to give the US government 15 per cent of the revenues from chip sales in China, as part of an unusual arrangement with the Trump administration to obtain export licences for the semiconductors.

    The two chipmakers agreed to the financial arrangement as a condition for obtaining export licences for the Chinese market that were granted last week, according to people familiar with the situation, including a US official.


    The US official said Nvidia agreed to share 15 per cent of the revenues from H20 chip sales in China and AMD will provide the same percentage from MI308 chip revenues. Two people familiar with the arrangement said the Trump administration had not yet determined how to use the money.
    The U.S. under Trump is imposing export duties on U.S. companies. This is, like the arbitrary imposing of tariffs on imports, highly illegal. Under the U.S. cons ution not even Congress would be allowed to do this:

    Section 9 Clause 5
    No Tax or Duty shall be laid on Articles exported from any State.
    Trump arbitrarily imposed export restrictions on certain computer chips made by Nvidia and AMD on national security grounds. He then used these export restrictions to blackmail the companies into agreeing to pay a certain 'kick back' tax to the U.S. government. Once they did the export restrictions were lifted.


    As the NY Times reports (archived):

    While the Trump administration publicly said a month ago that it was giving the green light to Nvidia to sell an A.I. chip called H20 to China, it did not actually issue the licenses making those sales possible.

    On Wednesday, Jensen Huang, Nvidia’s chief executive, met with President Trump at the White House and agreed to give the federal government its 15 percent cut, essentially making the federal government a partner in Nvidia’s business in China, said the people familiar with the deal. The Commerce Department began granting licenses for A.I. chip sales two days later, these people said.
    ...
    The deal agreed to last week could funnel more than $2 billion to the U.S. government. Nvidia was expected to sell more than $15 billion worth of its H20 chip to China through the end of the year, and AMD was expected to sell $800 million, according to Bernstein Research.
    If I were a Nvidia shareholder I would immediately sue the U.S. over this.


    That such a deal was agreed to by Trump proves that the export restrictions previously imposed on H20 chips arbitrary and were never for national security reasons. (By the way: the $2 billion the U.S. is gaining from this deal is couch lint compared to the Pentagon budget.) The restrictions on sales were solely imposed to extort Nvidia, illegally, into paying additional taxes:

    Christopher Padilla, a top export control official in the George W. Bush administration who is now a senior adviser with the Brunswick Group consulting firm, echoed those fears, describing the deal as “unprecedented and dangerous.”

    “Export controls are in place to protect national security, not raise revenue for the government,” Padilla said. “This arrangement seems like bribery or blackmail, or both.’’
    https://www.moonofalabama.org/2025/0...n-exports.html

  22. #3397
    dangerous floater Winehole23's Avatar
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    record import duties at customs

    US trade deficit still increases

  23. #3398
    Veteran velik_m's Avatar
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    Trump wants people to buy American. Interest in doing so is plummeting, new poll finds

    U.S. consumers are now significantly less interested in buying American-made goods than they were three years ago, according to a new survey.

    In a report released last week, the Conference Board — a business research nonprofit — said the share of consumers expressing a preference for products "made in the USA" went down from 60 percent in May 2022 to 50 percent this June.

    The survey asked 3,000 people whether being told that a product they had previously bought and enjoyed was manufactured in various countries would make them more likely to buy it again.

    Although the U.S. still scored highest on that question, both it and every other country had lost ground, suggesting today's consumers are less compelled by country of origin in general.

    ...

    "Country-of-origin cues still matter — but their influence is slipping," she said. “As price concerns intensify, many U.S. consumers appear to associate 'made in' labels with elevated prices due to generally higher domestic production costs as well as tariffs on foreign-made goods.

    "Increasingly, consumers prioritize value and affordability over emotional affinity for certain countries, including their own."

    In other words, consumers are feeling more hard up and worried about price, perhaps leading them to associate "made in" labels with more expensive products.

    ...
    https://www.independent.co.uk/news/w...-b2805841.html

  24. #3399
    dangerous floater Winehole23's Avatar
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    threaten and bully the whole world and they don't love you for it?

    imagine that

  25. #3400
    LMAO koriwhat's Avatar
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    threaten and bully the whole world and they don't love you for it?

    imagine that
    the rest of the world!

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