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There’s a small problem with Trump’s export deal with Nvidia and AMD: The Constitution says it’s illegal
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U.S. Treasury Secretary Scott Bessent called it a “beta test” in a Bloomberg TV interview yesterday, adding, “we could see it in other industries over time.” In both instances, the Supreme Court cited the export clause as grounds to bar the government from collecting money on goods destined for sale abroad. The AI hype cycle may be entering “the trough of disillusionment,” the low point in the evolution of new tech that precedes a long, slow climb into actual productivity, according to research firm Gartner.
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