China, NVIDIA and Howard Lutnick
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Commerce Secretary Howard Lutnick explained the Trump administration's turnabout in assuring Nvidia that it [can sell its H20 artificial-intelligence chip](
Lutnick's former company Cantor Fitzgerald owns a controlling interest in BGC Group, which operates a weather derivatives marketplace.
U.S. Commerce Secretary said Nvidia's plans to start selling its H20 chips are tied to ongoing trade discussions with China regarding REEs.
The US and China have finalized a trade understanding reached last month in Geneva, US Commerce Secretary Howard Lutnick said.“That deal was signed and sealed two days ago,” Lutnick said Thursday in an interview with Bloomberg Television.
US Commerce chief Howard Lutnick says the countries with goods being taxed at these rates would be in Africa and the Caribbean.
China signaled it would approve the export of rare earth minerals in a statement Friday hours after White House officials said that the US and China had signed a trade agreement to work out tensions linked to US access to the key material.
Commerce Secretary Howard Lutnick confirmed the deal between China and US, signed two days ago, along with agreements with 10 other partners.