Marketplace All-in-One How tariffs spoiled the Trump-Modi bromance
Aug 11, 2025
Steep tariffs have put a damper on the budding friendship between Trump and Modi, highlighting tensions in U.S.-India trade relations. The impact of meme stocks is examined, revealing how retail investors have influenced company fortunes. An insightful discussion with economist Julia Coronado raises questions about potential Fed rate cuts. Additionally, a groundbreaking deal between U.S. chipmakers and the government aims to bolster national security by channeling revenue from China. Finally, data collection cuts by the Bureau of Labor Statistics raise concerns about economic accuracy.
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Chipmakers Agree To Revenue Share
- NVIDIA and AMD will send 15% of China chip-sales revenue to the U.S. Treasury to secure export licenses.
- The unusual revenue-share deal raised constitutional and national security concerns.
China's Media Claims Backdoor On Chips
- A China state-run affiliated account claimed NVIDIA's N20 chip is unsafe and could be shut down remotely.
- NVIDIA denies any backdoor while Chinese outlets also criticized its environmental and technical merits.
Fed Governor Expects Multiple Rate Cuts
- Federal Reserve Governor Michelle Bowman said she expects three interest-rate cuts during the rest of this year.
- That outlook is notable given there are only three Fed meetings left and the upcoming CPI report.