What CEOs really think of the Nvidia and AMD China export agreement: “Brilliant, a price that we do not have to pay”
Good morning. I called CEOs yesterday to obtain their opinion on NVIDIA and the AMD agreement to give the US government a 15% reduction in AI flea sales to China to obtain export licenses. Most were surprisingly optimistic about the unusual arrangement.
Corey Dubrowa, who is a global CEO of the Burson communications giant, described the agreement as “another new approach that is implemented by the Trump administration when they continue to rewrite standards and commercial practices”.
A veteran leader in the manufacturing space has described the agreement as proof of Trump’s commitment to American manufacturing, adding that the cost probably was worth it. Another CEO based in the United States called him “Brilliant, a price that we don’t have to pay”.
But some have also raised questions:
What does this mean for national security? These restrictions are designed to respond to national security problems, and not to increase income. Governments generally only make money when they penalize those who break the rules. Could financial incentives suspend security priorities? Allies are historically able to buy military equipment and sensitive technologies that others are not. Could this further erode confidence?
How will it have an impact on commercial transactions? Many CEOs believe that the prices are there to stay, because the American trade partners create their own fortresses and fortified blocks.
Where will the money go? Export costs and prices mean higher costs for American consumers and businesses, and higher income for the government. The prices alone should bring in $ 50 billion a month. NVIDIA / AMD transactions could add an additional $ 4 billion to cash chests next year. Will this be used to repay the debt, help consumers or be spent in another way?
Contact the CEO every day via Diane Brady in Diane.brady@fortune.com
Top news
The American-China trade agreement postponed 90 additional days
Both countries Break the prices each other in favor of a 10% levy while negotiations continue. There are signs that President Trump and President Xi Jinping will meet before the agreement is signed. THE previous agreement lowered the prices of their cutting -edge rate from 145% to 30%.
Trump’s last minute request for Nvidia Cash
The CEO of Nvidia, Jensen Huang, worked for months behind the scenes to create an agreement that would allow his business to continue selling H20 fleas to China. The agreement included an American investment promise of $ 500 billion and the idea that China would remain independent on the less powerful chips of Nvidia. And then President Trump asked for money, WSJ reports.
Intel CEO has a positive meeting with Trump
Last week, the president demanded the resignation of the CEO of Intel Lip-Bu Tan because of his history of Chinese investment. Trump yesterday Called his meeting With the executive “very interesting”. “His success and ascent are an incredible story,” said Trump. The company said it would work with the White House to “restore this great American company”.
President Trump is preparing to meet Putin without Europe or Ukraine
Reunion will deliver For Putin exactly what he wants – the visual that the key parties of the negotiations are Moscow and Washington and not Kyiv or Brussels.
Verification of reality: there is no sign of imminent peace in Ukraine
Russian battlefield Maneuver They prepare even more offensives in Ukraine. In the meantime, Europe built for war: The photos of the satellites show that the defense facilities have added 7 million square meters of new industrial development in 150 sites in 37 countries, reports the FT.
Stifel Analysts warn against stagflation
Analysts of the investment bank Stifel warn In a new research note according to which a slowdown in consumption expenditure and discolored effects of the stimulus of the era of the COVIR has left the American economy vulnerable to stagflation, predicting a sale of 10% or more in the S&P 500. Despite apparently solid account balances, underlying the weakness and the decrease in the reduction of the savings that the current vertices are constructed on a market “Monetary illusion” which could soon dissipate.
Moody’s Mark Zandi on pricing income
The chief economist of Moody, Mark Zandi, believes The prices will be subject to intense political pressure to be reduced in very recession, which makes them unreliable as a source of long -term financing. Although President Donald Trump’s prices generate income for the federal government at an annual rate of around $ 300 billion, most tariff costs are passed on to consumers at higher prices, acting effectively as a sales tax, according to Zandi.
In other news: … Elon Musk threatened Apple for not having given importance to its Grok applications in the App Store … a federal judge refused to release Transcriptions of the great jury of the case against Ghislaine Maxwellthe ex-partner imprisoned with Jeffrey Epstein … Trump appointed EJ Antonichief economist of the Heritage Foundation, to direct the Labor statistics office. Antoni is one of the authors of the 2025 project and a long -standing critic of the BLS.
Markets
Future S&P 500 were flat this morning, pre-market, after the closure of the 0.25% index on Friday. Stoxx Europe 600 increased by 0.26 at the start of negotiations. The FTSE 100 of the United Kingdom increased by 0.27% at the start of negotiations. Nikkei 225 from Japan increased by 2.15%, reaching a new summit of all time. CSI 300 from China increased by 0.52%. South Korea Kospi dropped by 0.53%. Nifty 50 of India increased by 0.17%. Bitcoin refused to $ 118.9,000.
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The CEO Daily is compiled and edited by Joey Abrams and Jim Edwards.
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