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Your guide to Washington and the world for the 2024 election of the United States
Six months ago, ChipMaker Nvidia has made an epitom of what investors like about the American economy: Sky-high earnings, impressive innovation and a charismatic jacket-clad, Jensen Huang.
Now the company accidentally became a symbol of working nightmares opened by US President Donald Trump.
Wednesday, Nvidia warned The $ 5.5 billion earnings won one of the restrictions on new US exports in China’s sales of China.
Huang poured a suggestion to China to save his deals. But there is congress He opened a probe. Thus – nuclear-NVIDIA shares, along with other technological companies, along with other technological companies, the woes of Nvidia, Trump’s waves are only a small (high-looking) sign of the wide wave.
There are at least three big lessons here. The first is to rush our modern political economy by a cultural dissonence. In our daily lives, we tend to behave and think like digital platforms we use digital platforms we are depending on work.
In fact, cyber space, in the history of human history, “the most complex supply chains (we have seen)” and “the most complicated supply chains (we have seen)” and “the most complicated supply chains (always seen) Conference at Vanderbilt University last week.
These supply chains are not sufficient in anyone’s (country) – not even close, “Japan’s electronic shareholder is dominated (56 percent of market share), the United States is managed by electronic design automation program and more than 95 percent in Taiwan. Meanwhile, China processes more than 90 percent of many critical minerals and magnets to make digital goods.
The second lesson seems to be prepared for the results of this ink of the White House. Consider the issue of critical minerals.
This week Beijing Export control was applied More than seven such mineral minerals after applying 145 percent of Trump in China. It was not a surprise, because 15 years ago in China, similar curtains were applied in Japan.
Indeed, 2010 was the shock of 2010, so that companies and government agencies first created mass reserves of these minerals and prepared some alternative sources Cut dependence on China up to 90 percent.
However, American agencies probably did not watch the suit: Vanderbilt said that I was a few months of shareholders (best). Even the Pentagon was sick. White House is now looking for alternative sources – From seabed or in Ukraine – Probably, the Strategic International Studies Center will probably take several years He warned this week. This means that America “will be on the back to the near future,” adds CSIS.
Of course, Trump’s consultants can create a chain of a home technological supply in America in the end. It is an evidence that Peter Navarro, Bob Lighthizer and Trump Acolytes like Stephen Miran and Writers Ian fletcher And Jesse, Howard and Raymond Richma trio of three generations.
Indeed, if you want to understand the impulse behind the special tariffs of the country declared by Trump, it is worth looking at the Richmans’ book Balanced tradeand a Next 2011 essay. “To calculate Trump’s special country tariff rates, it is very similar to our formula offers (s)” Jesse Richman says, Figures such as Warren Buffett and John Maynard Keynz are quoted as intellectual fathers in this tariff philosophy.
Perhaps. However, even if you cover the theories of so many tariffs, do not do the most modern pundits, including myself – without careful preparations are deep foolishly. Critical minerals to start a trade war with porcelain are a careless and stupid mistake.
So can this force be eager to retreat? Perhaps. Some of the Trump’s consultants are ideologues, but the president itself is a famous operation.
This is simply emphasizing the third main lesson here: the White House seems to be badly appreciating China’s arm in a trade war. After all, such as CSIS notes, “China (is preparing to meet with an examination for a long time).” However, the United States continues to operate in peacekeeping in the corporate world.
It changes now, fast. And it should bend for the shock of more technological supply of investors. Nvidia is just the leading edge in a potential storm.
