“Powell Was Too Late, Warsh and Kevin Are Excellent” 

Trump harshly criticized current Fed Chair Jerome Powell, claiming that interest rate cuts came too late. He emphasized that Warsh and Kevin are leading contenders for the Fed chair position, stating, “We’ll announce the Fed decision soon. Bessent is off the list. I might consider Kugler to fill the gap,” narrowing down his list of candidates. 

Trade Deals with Asia Praised, EU Faces Tariff Threats 

Trump praised trade agreements with countries like Japan, South Korea, Vietnam, and Indonesia, while issuing stern warnings to the European Union. “If the EU doesn’t meet its obligations, we’ll impose a 35% tariff,” he said, also highlighting profits from the pharmaceutical sector: 

“Switzerland is making a fortune from pharmaceuticals. We’ll start with small rates and impose taxes too.” 

Trump also addressed India: 

“India imposes the world’s highest import tariffs. They’re also buying large amounts of oil from Russia. Soon, we’ll increase tariffs on India. India is feeding Russia’s war machine. They’ll face the highest tariffs.” 

He further stated that a major announcement on the semiconductor and chip sector is coming next week. 

“We’ll Earn Trillions from Tariffs, and We Have Our Own Oil” 

Turning to energy policy, Trump claimed that the U.S. is now energy independent: “I don’t care about oil prices—we’re producing plenty.” He argued that tariffs are generating trillions in revenue: “We’re targeting $600 billion in revenue from the European Union,” sharing his economic optimism for the new era. 

Regarding China, Trump offered both criticism and cautious optimism. “We’re close to a deal with China,” he said, adding: 

“China is dependent on the U.S. Believe me, they were collapsing, on the brink of bankruptcy… But we have a good relationship with President Xi.” 

With these remarks, Trump painted a bleak picture of China’s economy while emphasizing his personal rapport with President Xi Jinping. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Trump Slams Fed, Signals Tariffs on EU, India, Pharma appeared first on Coin Engineer.

US Requires Licenses For H20 Shipments

On April 9, the US government informed Nvidia that it must now obtain a license to export its H20 GPUs to China and several other countries. The news triggered a 6% drop in Nvidia’s stock during after-hours trading.

The H20 chip, developed in response to earlier export rules from 2022 and 2023, was meant to cater specifically to the China market. Despite these limits, it reportedly generated between $12 billion and $15 billion in revenue last year.

China Still Key Despite Decline

Although revenues have dropped, China remains Nvidia’s fourth-largest market after the US, Singapore, and Taiwan. According to its annual report, more than half of Nvidia’s total revenue still comes from US clients.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

While the H20 is based on the Hopper architecture, it lacks the bandwidth and interconnect speeds of the H100 and H200 models sold in Western markets. Nvidia is now pivoting to its new Blackwell chips.

More Export Controls Coming

Next month, the US plans to introduce new “AI diffusion rules” that could further restrict Nvidia‘s ability to sell high-performance AI chips globally. The company argues these limitations could weaken the US position in global tech competition.

With the H20 chip’s export license requirement extended indefinitely, Nvidia faces mounting uncertainty. As it shifts production and logistics outside of China, it must navigate both commercial competition and political scrutiny.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Nvidia Gets New Export Restrictions Towards China! appeared first on Coin Engineer.