Tariffs Catch-All
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Republican House Speaker Mike Johnson called China an “adversary” of the U.S. on Wednesday after a report that the country has told tech companies to stop buying Nvidia’s artificial intelligence chips.
The Cyberspace Administration of China ordered companies to halt purchases of Nvidia’s RTX Pro 6000D, a chip that was made for the country, the Financial Times reported, citing people familiar with the matter.
“They steal our intellectual property,” Johnson told CNBC’s “Squawk Box” on Wednesday. “They have no regard whatsoever for U.S. trademark law or any of the other provisions that make for fair trade agreements. It is not the fault of the United States that there are these strained relations.”
Johnson’s comments coincided with remarks from Nvidia CEO Jensen Huang at a news conference Wednesday in London.
“We can only be in service of a market if a country wants us to be,” he said in response to the ban on the company’s chips. “I’m disappointed with what I see, but they have larger agendas to work out between China and the United States.”
...
Last month, the White House reached a deal with Nvidia and competitor Advanced Micro Devices to obtain the export licenses to restart certain chip sales to China.
As part of the deal, both companies agreed to pay 15% of the sales to the U.S. government.
Earlier this year, the Trump administration told Nvidia that it would require a license to sell its China-designed H20 processors in the country.
The company previously created the chip to circumvent prior restrictions on AI chip exports instituted under the Biden administration due to national security concerns.
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TLDR:
• US put export controls on NVIDIAs chips so China couldn’t buy them and compete in AI
• NVIDIA designed export controls compliant chips for the Chinese market
• China says no thanks we don’t want those limited chips, we'll make our own
• MAGA Mike says "that's not fair!"
The Cyberspace Administration of China ordered companies to halt purchases of Nvidia’s RTX Pro 6000D, a chip that was made for the country, the Financial Times reported, citing people familiar with the matter.
“They steal our intellectual property,” Johnson told CNBC’s “Squawk Box” on Wednesday. “They have no regard whatsoever for U.S. trademark law or any of the other provisions that make for fair trade agreements. It is not the fault of the United States that there are these strained relations.”
Johnson’s comments coincided with remarks from Nvidia CEO Jensen Huang at a news conference Wednesday in London.
“We can only be in service of a market if a country wants us to be,” he said in response to the ban on the company’s chips. “I’m disappointed with what I see, but they have larger agendas to work out between China and the United States.”
...
Last month, the White House reached a deal with Nvidia and competitor Advanced Micro Devices to obtain the export licenses to restart certain chip sales to China.
As part of the deal, both companies agreed to pay 15% of the sales to the U.S. government.
Earlier this year, the Trump administration told Nvidia that it would require a license to sell its China-designed H20 processors in the country.
The company previously created the chip to circumvent prior restrictions on AI chip exports instituted under the Biden administration due to national security concerns.
___________________________
TLDR:
• US put export controls on NVIDIAs chips so China couldn’t buy them and compete in AI
• NVIDIA designed export controls compliant chips for the Chinese market
• China says no thanks we don’t want those limited chips, we'll make our own
• MAGA Mike says "that's not fair!"
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I was considering a John Deere Gator for property maintenance for us, but since i am full on in the boycott America movement at this point, Kubota will be getting my business. Sucks to suck American companies.
www.desmoinesregister.com
John Deere announces further job cuts, including in Ankeny, as ag economy struggles
A depressed farm economy has John Deere once again reducing its workforce, this time in Waterloo and Ankeny, as demand continues to be slow
www.desmoinesregister.com
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What Mark Carney’s meeting with Mexico’s president could mean for North American trade
Prime Minister Mark Carney is embarking on a pivotal meeting with Mexican President Claudia Sheinbaum on Thursday, just as the United States officially launches the process to review the North American trade agreement.
Prime Minister Mark Carney is embarking on a pivotal meeting with Mexican President Claudia Sheinbaum on Thursday, just as the United States officially launches the process to review the North American trade agreement.
The Office of the U.S. Trade Representative will seek public comments on the Canada-U.S.-Mexico Agreement (CUSMA) over 45 days and has scheduled a public hearing in November.
Public consultation is required by law and is a clear sign that the Trump administration is preparing to renegotiate, not just review, the trilateral agreement, says Eric Miller, president of Rideau Potomac Strategy Group.
“They’re trying to get stakeholders a list of all the things they have concerns about. It doesn’t mean all of them become priorities, but they’re starting with a big list and are going to shrink it down to a smaller list,” said Miller, whose client list includes Canadian exporters.
Under the current agreement, Canada’s trade with the U.S. is 85 per cent tariff free, but that could change when CUSMA expires next June.
“Donald Trump doesn’t have a commitment to a bigger vision of North American collaboration,” Miller said.
Diversifying trade with Mexico
Squeezed by Trump’s sectoral tariffs on steel, aluminum and autos, Canada’s GDP shrunk by 1.6 per cent in the second quarter of 2025.It’s under this pressure that Carney is meeting with Sheinbaum to strengthen their bilateral relationship and increase trade.
Mexico is Canada’s third biggest trading partner and last year, the two countries did $56 billion in imports and exports.
Foreign Affairs Minister Anita Anand and Minister Dominic LeBlanc, the government’s point person for U.S. trade negotiations, will also be part of the meetings in Mexico City.
Ahead of the prime minister’s 36-hour whirlwind trip, senior government officials told reporters in a briefing that Carney and Sheinbaum will hold one-on-one meetings, followed by a working lunch with their cabinet ministers and secretaries.
A new strategic partnership will be signed that would include commitments for more frequent high-level contact between the two governments.
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I can't emphasize that the two primary feelings people have here in Canada now are usually one of two molds: hatred for the use or just pitiless mockery of how stupid a nation can collectively be. This did not used to be this way.
In the weeks after U.S. President Donald Trump sparked a trade war with his punishing tariffs, Prime Minister Mark Carney said Canada's "old relationship" with the U.S. would be "over" soon — and now there's some hard evidence that is indeed happening.
CBC News reviewed datasets on travel, trade, shopping and culture, and all of them paint a similar picture: Canadians are taking a big step back from the U.S.
Months after Trump launched his trade broadside and prompted a national backlash with his 51st state taunts, the Canadian travel boycott is still in full swing with many shunning cross-border travel, prompting airlines to cancel U.S. flights and curb capacity.
Canadian exports to the U.S. have dropped off while those to non-U.S. foreign countries have surged — a pattern that could accelerate further as the government races to cut new trade deals and help businesses capitalize on the ones that have already been signed.
The grassroots "Buy Canadian" campaign has fundamentally reshaped parts of the retail landscape with grocers scrapping some U.S. products entirely while adding dozens of domestic suppliers to fill the void.
There are even signs Canadian cultural consumption patterns have shifted in the wake of Trump's economic assault with viewership and sales up for homegrown content. Canadian-authored books in particular are getting a big lift.
In the weeks after U.S. President Donald Trump sparked a trade war with his punishing tariffs, Prime Minister Mark Carney said Canada's "old relationship" with the U.S. would be "over" soon — and now there's some hard evidence that is indeed happening.
CBC News reviewed datasets on travel, trade, shopping and culture, and all of them paint a similar picture: Canadians are taking a big step back from the U.S.
Months after Trump launched his trade broadside and prompted a national backlash with his 51st state taunts, the Canadian travel boycott is still in full swing with many shunning cross-border travel, prompting airlines to cancel U.S. flights and curb capacity.
Canadian exports to the U.S. have dropped off while those to non-U.S. foreign countries have surged — a pattern that could accelerate further as the government races to cut new trade deals and help businesses capitalize on the ones that have already been signed.
The grassroots "Buy Canadian" campaign has fundamentally reshaped parts of the retail landscape with grocers scrapping some U.S. products entirely while adding dozens of domestic suppliers to fill the void.
There are even signs Canadian cultural consumption patterns have shifted in the wake of Trump's economic assault with viewership and sales up for homegrown content. Canadian-authored books in particular are getting a big lift.
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ChileG
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Who will the MAGAs blame when the economy turns to shit because of Trump?
Immigrants? Transgender people? Jimmy Kimmel?
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They will say taxes need to be cut
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—> https://www.wsj.com/world/china/the...a?st=Hmz52v&reflink=desktopwebshare_permalink“… Chinese negotiators have suggested that China would buy more U.S. soybeans as part of talks aimed at ending a trade war that erupted earlier this year after the Trump administration slapped stiff tariffs on Chinese imports.
But Beijing has insisted that the administration first drop the 20% tariff the U.S. has imposed over China’s role in the fentanyl trade, say people familiar with the matter. Washington is reluctant to do that until Beijing takes serious measures to crack down on the trade in chemicals used to produce fentanyl. …”
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$12B in food and drink exports could be shifted away from U.S.: Farm Credit Canada
Farm Credit Canada has identified $12 billion in food and beverage exports that could be shifted away from the U.S. market as cross-border trade comes under continued strain.
The Crown corporation, which provides financing and other services to the agriculture industry, says U.S. tariffs have introduced uncertainty to a relationship that has historically been of benefit to Canada’s agriculture and food sector.
The proposed strategy outlined in a new report aims to reduce Canada’s U.S. market dependence for food and beverage exports to half of 2023 levels.
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The agency estimates $2.6 billion in current food and beverage exports to the U.S. could be redirected to meet Canadian demand, and $9.4 billion to European and Asian markets.
One of the biggest opportunities for diversification FCC sees is in the prepared foods category, which had exports worth $8.6 billion in 2023, 90 per cent of which went to the United States.
“This commodity category presents a strong opportunity for furthering Canada’s export market diversification, as prepared foods can travel longer distances without the same risk of spoilage compared with other food items,” the report said.
ChileG
Iconic Member
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“… Chinese negotiators have suggested that China would buy more U.S. soybeans as part of talks aimed at ending a trade war that erupted earlier this year after the Trump administration slapped stiff tariffs on Chinese imports.
But Beijing has insisted that the administration first drop the 20% tariff the U.S. has imposed over China’s role in the fentanyl trade, say people familiar with the matter. Washington is reluctant to do that until Beijing takes serious measures to crack down on the trade in chemicals used to produce fentanyl. …”
They knew this was coming but voted for the trade off. So the ingredients you got bake the cake you get. My life is not impacted if these guys lose their farms so I don’t care.
I used to care. Not any longer.
chrissteel
Exceptional Member
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please don't buy john deere anythingI was considering a John Deere Gator for property maintenance for us, but since i am full on in the boycott America movement at this point, Kubota will be getting my business. Sucks to suck American companies.
John Deere announces further job cuts, including in Ankeny, as ag economy struggles
A depressed farm economy has John Deere once again reducing its workforce, this time in Waterloo and Ankeny, as demand continues to be slow
Right-to-repair revolution: Farmers challenge John Deere's control over equipment repair
Legislation supporting the movement is gaining ground nationally, but some farming equipment is excluded, and farmers say they're left with costly repair bills.
www.nbcnews.com
According to the lawsuit he is part of, Wilson and others accuse John Deere of blocking farmers and everyday mechanics from fixing equipment without going through John Deere dealers. Although the company doesn’t prohibit users from fixing equipment themselves, the lawsuit claims it locks users out of repairs because of the limited access to software that only dealerships can access. The lawsuit says that makes most fixes nearly impossible
A U.S. Public Interest Research Group report published in 2023 estimated that farmers lose $3 billion to tractor downtime and pay $1.2 billion more in excess repair costs every year as a result of needing to rely on dealerships for repairs.
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That's right Mikey, it's never your fault. Just keep repeating, the cult will follow.
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MAGA justices: "He knows what he's doing. Trump was right about EVERYTHING. I approve."
