Mr. Miller, one of President Trump’s top advisers, sold shares in the mining company MP Materials following a lucrative deal between the company and the government.
Stephen Miller, one of the president’s top advisers, sold shares of a mining company after it had begun negotiations with the government, raising concerns among ethics experts.
The Trump administration wants to encourage Chinese companies to use Nvidia’s H200 chip while limiting sales of the company’s newest chips, known as Blackwell.
In an unusual move, Xi Jinping, the leader of China, called President Trump. The two spoke about trade, Taiwan and Ukraine, according to separate official statements.
President Trump has made it easier for countries that are close to Russia and China to build ties with the United States. Those countries are embracing the opportunity.
The president’s trade truce with China has lowered U.S. tariffs to a level that could pause a longer-term effort to reduce America’s dependence on Beijing.
Some analysts say Beijing won a major victory in its trade talks: Getting the U.S. to withdraw a national security measure that previously was not under discussion.
The president signaled he would discuss the sale of Nvidia’s Blackwell chips in a summit on Thursday, a move U.S. officials warned would be a “massive” national security mistake.
The Trump administration is hailing a potential deal that may return the U.S.-China relationship to where it was before the president began a trade war against Beijing.
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