Larry Summers Sounds Alarm On US Becoming 'Object Of China's Frustration' Amid Trade Tensions
Portfolio Pulse from Benzinga Neuro
Former Treasury Secretary Larry Summers has expressed concerns about the U.S. becoming a target for China’s mounting frustrations due to ongoing trade tensions and strategic moves by the U.S. to counter China's influence. The U.S. has been trying to weaken China’s semiconductor industry, posing potential threats to major chipmakers like Nvidia Corporation (NASDAQ:NVDA).
August 17, 2023 | 3:10 am
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The ongoing U.S.-China trade tensions and U.S. efforts to weaken China's semiconductor industry could pose threats to Nvidia Corporation.
The U.S. is actively trying to weaken China's semiconductor industry, which could negatively impact major chipmakers like Nvidia. If China retaliates, it could further affect Nvidia's operations and market position.
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