Bloomberg Daybreak: US Edition Trump to Meet Putin in Alaska; Nvidia & AMD to Pay US 15% of China Chip Sales
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Aug 11, 2025 Donald Trump is set to meet Vladimir Putin in Alaska, aiming to address the ongoing war in Ukraine. Meanwhile, Nvidia and AMD are required to pay 15% of their revenues from AI chip sales in China to the U.S. government, creating unease among tech firms and Beijing. Additionally, Trump expressed hopes for increased Chinese purchases of American soybeans as a trade truce approaches its end. The podcast delves into the intertwining of diplomacy and market dynamics, highlighting the implications for global relations and the tech industry.
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Alaska Summit Could Shift Ukraine Talks
- President Trump will meet Putin in Alaska to discuss ending the war in Ukraine.
- NATO Secretary General Mark Rutte says the meeting could be a turning point.
Ukraine Can't Constitutionally Yield Territory
- Ukrainian ambassador Oksana Markarova says Ukraine's constitution does not allow giving up territory.
- She supports ceasefire steps but rejects territorial concessions.
Europe Urges Pre-Summit Coordination
- European leaders want to speak to Trump before the summit to push for a ceasefire and a freeze of front lines.
- They also demand more economic pressure on Moscow.