US Tariff on China Up to 245%: Nvidia Chip Curbs, Retail Data
Why in the news
A White House fact sheet said China could face up to 245% tariffs after retaliating, as chip curbs rattled tech stocks.
Key facts
- Tariff talks continue with over 75 countries and country-specific tariffs are paused, but China is excluded.
- An executive order orders a probe into risks from imported critical minerals.
- Indefinite licensing rules now cover chips like Nvidia’s H20, citing possible Chinese supercomputer use.
Share moves
| Company | Change |
|---|---|
| Nvidia | Down 5.8% pre-market |
| AMD | Down 6.5% pre-market |
| Advantest / Disco / TSMC | Down 6.7% / 7.6% / 2.4% |
US retail sales
March growth came largely from car buying ahead of expected tariffs, while discretionary spending stayed weak.
Exam angle
- Slogan: “America First”; chip: H20.