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Business | Aug 16th 2025 Edition

Business | Aug 16th 2025 Edition

America and China suspended the imposition of retaliatory tariffs for another 90 days as they continue to work towards a trade deal. November 10th is the new deadline. Meanwhile, the White House confirmed that Nvidia and AMD have agreed to hand over 15% of the revenues they receive from selling chips in China to the American government. It is thought to be the first time that any company has come to such an arrangement to obtain export licences. Separately, the Chinese government has urged domestic firms not to use Nvidia’s H20 chips, according to reports, but has stopped short of an outright ban.

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