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Bessent says unusual Nvidia, AMD revenue-sharing deal could be a ‘model’ for other industries
Bessent called the deal “unique,” before suggesting that it could be a lot less unique soon. Scholars have another word: unprecedented.
President Donald Trump surprised markets on Monday with a deal that was widely characterized as unusual: Nvidia and AMD will contribute 15% of their chip sales in China to the U.S. government. Bessent claimed in the interview the revenue collected from the chip sales would go directly to paying down the national debt, and hinted at the possibility of channeling additional funds to taxpayers if the program proves successful. Bessent, a former hedge fund manager and George Soros protégé who became one of Trump’s closest Wall Street allies, has long argued for a strategic, results-oriented approach to American trade.
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