Peter Schiff, The Kobeissi Letter Warn Of ‘Federal Shakedown’ Over Nvidia, AMD’s 15% China Chip Revenue Deal With Trump Administration

Economist Peter Schiff and The Kobeissi Letter criticize Nvidia and AMD’s agreement to pay 15% of their China chip revenues to the U.S. government for export licenses, calling it a “federal shakedown” and marking a new phase in trade negotiations.

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