Trump on meeting Jensen: We're eventually going to put tariffs on chips .... and things associated with chips
I can't link directly to Youtube but search for this video at 6:05 mark:
BREAKING NEWS: Trump Signs New Executive Orders While Taking Questions From Reporters In Oval Office (Source: Forbes Breaking news)
There's no mention of any specifics regarding additional export controls. On the other hand there's also no additional information about possibly US government buying a lot more chips from Nvidia.
Trump did not provide details of the meeting but called Huang a "gentleman." "I can't say what's gonna happen. We had a meeting. It was a good meeting," Trump said. (Reuters)
When asked about how the meeting went Trump just mentioned he's going to put tariffs on chips and then started talking about tariffs on oil, gas, steel, and pharmaceuticals. Then he circled back to chips and mentioned he will tariff chips and "things associated with chips".
Some questions for discussion:
- Is this result from the meeting good or bad?
- Should this in any way move the market on Nvidia? How about Intel, AMD, or other equipment makers?
- Is it concerning that Trump didn't mention anything about Stargate?