Trump tariffs - Great USA News

In a stirring show of poise amid policy tremors, Jensen Huang, CEO of chip giant NVIDIA, has cast aside fears over Donald Trump’s tariff ambitions, voicing unshaken faith in America’s tech resilience. Fresh from a celebratory White House meeting, Huang stood firm on semiconductor self-reliance, calling it vital for security, skill revival, and industrial strength. As Trump eyes tariff talks with China and reshoring strategies, NVIDIA—now the world’s most valuable company—finds itself at the storm’s center, balancing bold success with uncertain trade tides.

STORY HIGHLIGHTS

NVIDIA CEO Jensen Huang says U.S. tech firms can endure tariffs, citing past resilience.
Trump and Huang met on July 10, celebrating NVIDIA’s $4 trillion market valuation.
U.S. semiconductor manufacturing is vital to national security and skilled labor revival, says Huang.
NVIDIA relies on Taiwan’s TSMC, which may be impacted by new U.S. tariffs.
Company is building supercomputers in Texas and packaging them in Arizona.
Huang heads to China next week, but trade deal timeline remains unknown.

As the debate over U.S. tariffs heats up, Jensen Huang, CEO of NVIDIA—the world’s most valuable company—offered a calm and measured outlook during a recent interview, underscoring his confidence in the resilience of America’s tech sector. His comments came just days after a notable White House meeting with former President Donald Trump, where the two discussed key trade, manufacturing, and technology issues.

The moment comes at a time of growing uncertainty, as Trump reintroduces a tough stance on trade and tariffs—particularly with China—while eyeing a broader reshaping of the global technology supply chain. But Huang, at the helm of a company that now sits at the heart of artificial intelligence and chip innovation, appears unshaken.

“We’ve Survived Before, We’ll Survive Again”

In his remarks, Huang noted that the tech industry is no stranger to regulatory and economic challenges. He pointed to the long history of trade policies, tariffs, and other regulatory disruptions that companies have faced.

“Every single year there were rules, taxes, tariffs, policies—we survived,” Huang said.

The NVIDIA founder, whose company just became the first in history to reach a $4 trillion market value, made clear that such obstacles are part of the business landscape—and not a reason to panic. Huang’s own journey, from Taiwan to the top of the American tech world, lends weight to his resilient tone.

“Nobody likes disruptions and no one likes abrupt changes,” he acknowledged, before adding, “But these settlements will—President Trump will settle these deals and countries will reorganize and resettle, and we’ll work through it.”

Trump Congratulates NVIDIA on Market Milestone

The high-level meeting on July 10 between Huang and Trump came just as NVIDIA hit its historic market valuation. Huang described Trump as visibly excited and proud of the achievement.

“He spent a lot of time congratulating me and telling everybody all around him what a great achievement it was,” said Huang, recalling the mood inside the White House.

The meeting marked the fifth time the two had sat down together in recent months—a sign of both Trump’s interest in the booming semiconductor industry and NVIDIA’s rising influence in Washington.

The next day, Huang also met with Treasury Secretary Scott Bessent to continue discussions around manufacturing, trade, and future tech strategies.

Semiconductors, Tariffs, and AI: The Critical Crossroads

At the center of the conversation sits the delicate intersection of artificial intelligence, semiconductor supply chains, and looming U.S. tariffs. NVIDIA designs high-performance chips used in everything from generative AI models to advanced computing systems. But the company doesn’t manufacture those chips itself.

Instead, production is outsourced to major foundries like Taiwan’s TSMC, which would be directly impacted by Trump’s proposed import tariffs. With Trump signaling an aggressive push for reshoring tech manufacturing, the implications for companies like NVIDIA are significant.

Yet Huang insists that such policy shifts, while important, are far from insurmountable.

“I have every confidence that the world is going to survive this,” he said. “Companies will survive this, and whatever it turns out to be, we’ll make the best of it.”

Backing Trump’s Manufacturing Vision

While some in the tech world have expressed concern over Trump’s trade agenda, Huang appears more aligned with certain elements of it—especially when it comes to domestic manufacturing.

Speaking to USA TODAY on July 11, Huang emphasized the need to bring semiconductor production back to the U.S., describing it as both a strategic and societal imperative.

“Absolutely. I believe President Trump’s vision—his bold vision to manufacture in the United States—is great for our industries, it’s great for our society,” said Huang.

He noted that the loss of manufacturing capabilities over recent decades hasn’t just weakened the supply chain—it has taken a toll on American workers, craftspeople, and communities.

“We’ve lost a lot of manufacturing capability and skills,” he said. “That’s really great for skilled craft and people that work with their hands and build things. We want to celebrate that. We want to bring that back to the United States.”

Security, Resilience, and Skilled Labor

For Huang, the manufacturing push is about more than just economics—it’s also about national security and resilience. The ability to control supply chains, especially for something as critical as semiconductors, is key to ensuring stability in an increasingly uncertain world.

“It’s very important to national security, industrial security, supply chain resilience,” he said.

NVIDIA, for its part, has already begun investing in U.S. operations. The company is currently building supercomputers in Texas and packaging them in Arizona, signaling a shift that mirrors the government’s calls for greater self-reliance.

China Trip Ahead, But No Trade Talk Timetable

Huang will travel to China next week. He confirmed that he discussed the trip with Trump, but made clear that no detailed conversations around trade negotiations were held during the White House meeting.

“We did not discuss trade negotiations between the two countries,” Huang said. “I do not know when a final agreement could come to fruition.”

For now, the future of U.S.-China trade remains uncertain. But Huang’s message is clear: NVIDIA will continue to adapt, just as it always has.

As trade winds shift and tariff tensions rise, Jensen Huang’s composed stance signals more than just corporate confidence—it reflects a broader belief in innovation’s ability to weather political storms. With NVIDIA now crowned as the world’s most valuable tech empire, its trajectory underlines a deeper message: resilience, vision, and strategic production can outpace uncertainty. While Trump’s tariff strategies evolve and global negotiations unfold, NVIDIA remains poised at the helm of the AI revolution—undaunted, unwavering, and firmly rooted in both American ambition and global reach.

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As tensions mount across the Atlantic, the European Union has boldly signaled its intent to strike back if no trade deal with the United States is finalized by August 1. With President Donald Trump’s fresh 30% tariff on EU goods stirring unease, Brussels is bracing for impact. The warning comes after months of stalled talks, diplomatic letters, and rising pressure from within the bloc. Now, with over $24 billion in countermeasures waiting in the wings, the high-stakes trade drama threatens to spiral into a full-scale tariff clash.

STORY HIGHLIGHTS:

EU issues warning: will retaliate if no deal is reached by August 1
Trump enacts 30% tariff on EU goods, escalating tension
$24B in paused EU countermeasures may be revived
Macron urges a firm, defensive EU response
Italy calls for unity, warns against trade war
Trump threatens further hikes if EU retaliates

Tensions between Washington and Brussels are once again simmering, as the European Union has hinted at strong retaliatory measures if a long-awaited trade deal with the United States fails to materialize by August 1. The latest developments unfold just as President Donald Trump announced a sweeping 30% tariff on European goods, reigniting concerns of a transatlantic trade war that had been temporarily placed on pause.

For weeks, negotiators from both sides have been locked in discussions, attempting to bridge differences and strike a fair trade agreement. While progress has been made in certain areas, the EU now appears to be signaling that its patience is wearing thin.

Warning with a Deadline

On July 12, the European Commission released a carefully worded statement, acknowledging ongoing efforts to find a path forward but also drawing a clear line should talks falter.

“At the same time, we will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required,” said Ursula von der Leyen, President of the European Commission.

This statement marks a shift in tone after months of relatively cautious diplomacy. Back in April, the EU had decided to hold back on retaliatory measures targeting more than $24 billion in American goods, following Trump’s 90-day delay on a previous tariff announcement. That olive branch was meant to give space for dialogue.

But with the White House now reintroducing pressure in the form of a bold 30% tariff, the EU’s top leadership is signaling a readiness to act if the U.S. pushes the confrontation further.

Macron Calls for a Strong Front

Among the European leaders taking a harder stance is French President Emmanuel Macron, who called for an accelerated strategy to prepare the bloc’s response should the negotiations collapse.

“This implies speeding up the preparation of credible countermeasures, by mobilizing all the instruments at its disposal, including anti-coercion, if no agreement is reached by August 1st,” Macron posted on X (formerly Twitter).

Macron’s position reflects growing sentiment across several European capitals that the EU must not be caught off-guard by sudden U.S. policy shifts. He has been one of the strongest voices advocating for strategic autonomy and a firmer hand in international trade policy.

Italy Urges Calm Amid Rising Tension

Contrasting Macron’s push for readiness, Italy has taken a more measured approach. Prime Minister Giorgia Meloni’s office issued a statement encouraging both sides to avoid escalating tensions further and to prioritize the long-term health of transatlantic ties.

“We trust in the goodwill of all the parties involved to reach a fair agreement, able to strengthen the West in its entirety, as it would make no sense to spark a trade war between the two sides of the Atlantic, especially in the current context,” said the Italian government.

Italy’s message comes at a time when the West faces a range of shared geopolitical challenges, and a trade war between two major allies could have unintended consequences far beyond just tariffs.

Trump’s Firm Position

President Trump, for his part, has made no secret of his strategy. In letters sent to European leaders—including Commission President von der Leyen—he warned that any EU decision to retaliate would be met with even steeper tariffs.

“If the bloc were to raise your Tariffs and retaliate, then, whatever the number you choose to raise them by, will be added to the 30% that we charge,” Trump wrote.

The message was echoed in nearly two dozen letters sent to leaders across Europe, leaving little doubt about the administration’s position. Trump’s administration has repeatedly framed such tariffs as necessary to correct trade imbalances and protect U.S. industries, a theme that continues to shape his international trade policy.

A Deal or a Rift?

The next few weeks will be critical. With the August 1 deadline looming, both the EU and the U.S. face a narrowing window to strike a compromise that avoids triggering another round of costly tariffs. While rhetoric is hardening, the underlying message from many European voices remains clear: there is still time to reach a deal—if both sides are willing.

Yet, with the EU preparing to revive and possibly expand countermeasures previously placed on hold, the threat of escalation is real. Trade between the U.S. and EU accounts for hundreds of billions in goods and services each year. A tariff-fueled dispute could cause ripple effects across global markets already struggling with uncertainty.

For now, diplomacy remains the preferred path. But with each side drawing red lines, the shadow of a transatlantic trade war once again looms over the negotiating table.

With time ticking and pressure mounting, the transatlantic trade standoff now stands at a decisive crossroads. The European Union’s warning signals more than mere frustration—it reflects a readiness to defend its economic interests against what it views as disproportionate U.S. tariffs. As August 1 approaches without a breakthrough, both sides face a choice: rekindle cooperation through diplomacy or ignite a costly tariff war. Whether calm negotiation prevails or confrontation takes center stage, the outcome will shape the tone of U.S.–EU trade relations for years to come.