"US Treasury Secretary Scott Bessent called the announcement from China's State Administration for Market Regulation (SAMR) poor timing, a move analysts said gave China leverage in the trade talks. The two countries have traded barbs over the past six months since US President Donald Trump hit China with massive tariffs, before lowering them to 30 percent, and threatened to shut down popular social media app TikTok."
"China's announcement piles on more uncertainty for Nvidia's business in China, which last year accounted for 13 percent of its total sales. It shows that CEO Jensen Huang's charm offensive in China is not enough. Huang visited the country three times this year to signal his commitment to the Chinese market, and has said that selling AI technology to China is key to US ambitions to be a leader in the business."
China's State Administration for Market Regulation (SAMR) issued a preliminary finding accusing Nvidia of violating China's anti-monopoly law, coinciding with U.S.-China trade talks in Madrid. U.S. Treasury Secretary Scott Bessent described the timing as poor, and analysts said the move gave China leverage in negotiations. The action follows months of tariff disputes and threats, and China's retaliatory 10 percent tariffs and antitrust probes into U.S. firms such as Alphabet's Google. Analysts characterized SAMR's move as a likely counter to a U.S. decision to blacklist 23 Chinese companies. Nvidia earned about 13 percent of its sales from China last year, and CEO Jensen Huang made multiple visits to emphasize commitment and the strategic importance of selling AI technology to China.
Read at www.aljazeera.com
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