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Or were threatened to agree.
That we know of....yet.
It still has the stench of a mafia deal.
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U.S. Government to Take Cut of Nvidia and AMD A.I. Chip Sales to China
- Thread starter Plasmaball
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Or were threatened to agree.
That we know of....yet.
It still has the stench of a mafia deal.
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The legality is being questioned:
“I am concerned by reports that the U.S. Government will be taking a cut of the proceeds from the sale of advanced H-20 and equivalent chips to China, and there are questions about the legal basis for doing so,” said China Select Chair John Moolenaar (R-Mich.) in a statement to POLITICO. “Export controls are a frontline defense in protecting our national security, and we should not set a precedent that incentivizes the Government to grant licenses to sell China technology that will enhance its AI capabilities.”
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Chris Padilla, who was a Commerce Department official in the George W. Bush administration, said the deal appears to violate the U.S. Export Control Reform Act. That law prohibits the government from charging a fee “in connection with the submission, processing, or consideration” of an export control license.
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Krishnamoorthi, in his statement, said the update points to a “contradiction.”
“The administration cannot simultaneously treat semiconductor exports as both a national security threat and a revenue opportunity,” he said. “By putting a price on our security concerns, we signal to China and our allies that American national security principles are negotiable for the right fee.”
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On the other hand, if exporting the H20 chip is not a national security risk, as Trump suggested in his news conference, then it’s inappropriate for the administration to extract a fee to issue a license, Stephen Olson, a former U.S. trade official at the ISEAS think tank in Singapore, said.
“To call this unusual or unprecedented would be a staggering understatement. What we are seeing is in effect the monetization of U.S. trade policy in which U.S. companies must pay the U.S. government for permission to export. If that’s the case, we’ve entered into a new and dangerous world,” Olson said.
“I am concerned by reports that the U.S. Government will be taking a cut of the proceeds from the sale of advanced H-20 and equivalent chips to China, and there are questions about the legal basis for doing so,” said China Select Chair John Moolenaar (R-Mich.) in a statement to POLITICO. “Export controls are a frontline defense in protecting our national security, and we should not set a precedent that incentivizes the Government to grant licenses to sell China technology that will enhance its AI capabilities.”
<skip>
Chris Padilla, who was a Commerce Department official in the George W. Bush administration, said the deal appears to violate the U.S. Export Control Reform Act. That law prohibits the government from charging a fee “in connection with the submission, processing, or consideration” of an export control license.
<skip>
Krishnamoorthi, in his statement, said the update points to a “contradiction.”
“The administration cannot simultaneously treat semiconductor exports as both a national security threat and a revenue opportunity,” he said. “By putting a price on our security concerns, we signal to China and our allies that American national security principles are negotiable for the right fee.”
<skip>
On the other hand, if exporting the H20 chip is not a national security risk, as Trump suggested in his news conference, then it’s inappropriate for the administration to extract a fee to issue a license, Stephen Olson, a former U.S. trade official at the ISEAS think tank in Singapore, said.
“To call this unusual or unprecedented would be a staggering understatement. What we are seeing is in effect the monetization of U.S. trade policy in which U.S. companies must pay the U.S. government for permission to export. If that’s the case, we’ve entered into a new and dangerous world,” Olson said.
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Not the question I asked.
But if Bernie and Mamdani want to sell more chips to China, why?
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Just mailing it in now huh.
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I see how you avoided the question.
You could have done better.
I'll answer the question:
Why would democrats and independents not support Bernie forcing Amazon to pay taxes that they owe? Why wouldn’t Bernie and Mamdani want Amazon to pay taxes?
You see what I mean, slipping. Previously there was a chuckle or that's clever when seeing stuff get set up, but it's starting to feel like someone is just mailing it in. No need for new material, but where there is no effort there is no entertainment. Give the people something to work with you on. Trying to set it up in a single post was never going to work, premature escalation happens so don't sweat it.
Maybe I overestimated and it's my judgement that's slipping. If so, my apologies.
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You have to understand that the act has run dry, and nobody is fooled by this garbage, let alone do people respect what @Metric Mouse posts.
What can you expect from a poorly paid Russian troll?
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It’s like if you got some staffer for The Daily Wire that wanted to troll the left by pretending to be one of them.
This Bullwark article from 2020 explains him in a nutshell: https://www.thebulwark.com/p/the-agony-of-the-anti-anti-trumpers
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I believe that almost all the posters at DP are adults, which means you, I, and everyone else in this thread knows that no company "voluntarily" agrees to donate 15 percent of their proceeds to the government or anyone else for that matter. The government isn't St. Jude and for-profit corporations aren't Catholic charities.
So ya, this "deal" is obviously coercive as the Trump is selling export licenses for a big piece of the action. It's no more or less "ethical" than any extortion racket, be it by Trump or the Mafia.
So, there is something to challenge in court should any affected party have the guts to do so. After all, its clearly illegal.
Effectively Trumps has once again violated the separation of powers i.e.; a unilateral executive imposition of taxes WITHOUT Congresses authorization.
Read Article I, Section 9 of the Constitution where it states that “No Tax or Duty shall be laid on Articles exported from any State.” In Fairbanks vs. United States the Supreme Court has said this “not simply an omission of a tax upon the articles exported, but also a freedom from any tax which directly burdens” exports. Plain as day.
The Supreme Court hasn't ruled against user fees, a charge based on compensation for government supplied services or facilities, but this is obviously NOT user fees, not does Trump pretend it to be.
Simply put, the executive branch cannot impose an otherwise unconstitutional tax merely because the victim has succumbed to pressure. If it were otherwise then the executive could have imposed hundreds of taxes for its multitude of discretionary decisions, and ignore Congresses power of the purse as he pleases.
The "pay to play" Mafia style may endure him to his supporting thugs, but it is yet another example of a rogue President who doesn't care. If his whim is that DC residents wear their underwear on their head, he believes he can order it and no one will stop him.
Sadly, he may be right.
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Not unlike the fee one must pay the mafia to do business. A third-party extortion in which the third party provides nothing to those doing the transaction, but under threat of force coerces them to pay them "protection" money, aka "vig". or "pizzo".
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That Democrats and independents would support Bernie forcing Amazon to pay taxes.
Why would anyone of any political persuasion other than anarchists be against forcing corporations to follow the law?
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That is because MAGA is the biggest group of hypocritical assholes ever
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So then Democrats and independents should support this, right? And vote for the representatives that make this happen?
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That doesn't make any sense. This is now beyond slipping and into flailing.
I will pay attention to those that debate a subject and/or those that entertain. If you can't come up with something that brings a chuckle, you are wasting everyone's time.
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Nvidia Readies New China Chip as Washington Debates A.I. Exports
Jensen Huang, Nvidia’s chief executive, said he plans to ask the Trump administration’s permission to sell a more powerful chip to Chinese companies.
Weeks after Nvidia struck a deal with the Trump administration to pay for clearance to ship semiconductors to China, the company has started winding down production of a chip designed for Chinese companies and begun work on its more powerful successor.
Jensen Huang, Nvidia’s chief executive, said on Friday in Taipei, Taiwan, that the company was offering a “new product for A.I. data centers,” which would be a version of its most cutting-edge chips that would be modified to reduce some of its performance, as required by the United States. He said he was seeking the Trump administration’s approval to sell the chip.
“It’s up to, of course, the United States government,” Mr. Huang said. “And we’re in dialogue with them, but it’s too soon to know.”
Mr. Huang’s comments came as Nvidia asked suppliers to wind down production of its current chip designed for China, the H20, said two people familiar with the company’s strategy. Beijing has discouraged Chinese companies from buying the H20 chips, with administrators warning that the chips could have “backdoor security risks.”
“We constantly manage our supply chain to address market conditions,” said Mylene Mangalindan, an Nvidia spokeswoman.
The Information previously reported on Nvidia’s winding down production of its H20 chip.
Nvidia’s plans for China have divided Washington, where the Trump administration and some congressional leaders are at odds over global A.I. chip sales. Because the chips are used to build artificial intelligence systems, the U.S. government has weighed whether to limit sales so that U.S. companies can stay ahead of China in the A.I. race, preventing the Chinese military from using them to coordinate attacks or develop weapons.
In April, Mr. Trump blocked sales of the H20 to China, but reversed that decision in July and later struck a deal to take a 15 percent cut of sales of the chips. Last week, Mr. Trump said he was open to cutting a deal to permit Nvidia to sell a successor to the H20, provided it was “somewhat enhanced — in a negative way.”...
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First off do you actually know what the reasons is and what the arrangements are ? This could be a Military matter or a Tariff angle.
U.S. Government to Take Cut of Nvidia and AMD A.I. Chip Sales to China (Gift Article)
In a highly unusual arrangement with President Trump, the companies are expected to kick 15 percent of what they make in China to the U.S. government.www.nytimes.com
Im just...you know...23 years or so of arguing against conservatives about "socialism" and left blah blah blah blah..and this?
I mean i give up..
I do not know what the details are either, but I have seen the media lie , gaslight, and manipulate all the brain dead SHEEP in America to get them to hate Trump/have raging TDS so I know it is in some way BS , and we wont find out for a long time and the Media will just walk away and leave the SHEEP confused !
Just like they did with Russian Collusion or Trump's Tariffs are going to tank the Economy......
You guys do remember those Psy Ops, don't you ?
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Post #92
Are you asking for copies and pastes of excerpts from the nytimes article in question?
You're in luck. Just say the word.....
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So it is a Military issue Post #91.
Now we all should realize that we know what they reported! We don't know anything that is classified or that they want to keep form the other parties involved ! Right?
So to pretend that it is a simple "Trump's a commie" is a bit naive.
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Remember when Obama helped the csr companies....
The right exploded with socialism.
This is worse.
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Your post makes no sense.
Here, I'll copy and paste part of the OP's nytimes article for you....Oh, wait, I already did that, in Post #11:
U.S. Government to Take Cut of Nvidia and AMD A.I. Chip Sales to China
In a highly unusual arrangement with President Trump, the companies are expected to kick 15 percent of what they make in China to the U.S. government.
Nvidia and Advanced Micro Devices are expected to pay the United States 15 percent of the money they take in from selling artificial intelligence chips to China, as part of a highly unusual financial agreement with the Trump administration.
The deal, which was described by three people familiar with the agreement who spoke anonymously because they didn’t have permission to discuss it publicly, comes a month after Nvidia received permission to sell a version of its artificial intelligence chips to China.
While the Trump administration publicly said a month ago that it was giving the green light to Nvidia to sell an A.I. chip called H20 to China, it did not actually issue the licenses making those sales possible.
On Wednesday, Jensen Huang, Nvidia’s chief executive, met with President Trump at the White House and agreed to give the federal government a 15 percent cut, essentially making the federal government a partner in Nvidia’s business in China, said the people familiar with the deal. The Commerce Department began granting licenses for A.I. chip sales two days later, these people said....
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NYT has seriously declined in recent years.
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Well, at least the socialists and pro socialism voters will be happy!
Is that a bad thing?