#中美会晤有真进展
On September 26, China’s Ministry of Foreign Affairs announced an eight-point consensus: the “$30 billion” reciprocal tariff-reduction arrangement and the establishment of AI dialogue have both been included.
But on September 25, U.S. Trade Representative Greer clearly said that high-end American-made chips requiring licenses are not part of this round of talks. The goods he mentioned include U.S. agricultural products, medical devices, and China’s non-sensitive consumer goods.
Between discussing AI risks and allowing more chip sales, there is still export licensing.
The “$30 billion” figure is also easy to misread. Previously, China’s Ministry of Commerce explained that the framework involves goods worth $30 billion each by both sides or more, not a direct exemption of $30 billion in taxes.
I care more about what specific lists of items could help which companies save costs and win orders. For $BTC , I view it as a positive development for easing trade risks. For chip stocks, based on this consensus alone, we still can’t plug any newly increased China revenue directly into valuations.
#英伟达 #BTC
On September 26, China’s Ministry of Foreign Affairs announced an eight-point consensus: the “$30 billion” reciprocal tariff-reduction arrangement and the establishment of AI dialogue have both been included.
But on September 25, U.S. Trade Representative Greer clearly said that high-end American-made chips requiring licenses are not part of this round of talks. The goods he mentioned include U.S. agricultural products, medical devices, and China’s non-sensitive consumer goods.
Between discussing AI risks and allowing more chip sales, there is still export licensing.
The “$30 billion” figure is also easy to misread. Previously, China’s Ministry of Commerce explained that the framework involves goods worth $30 billion each by both sides or more, not a direct exemption of $30 billion in taxes.
I care more about what specific lists of items could help which companies save costs and win orders. For $BTC , I view it as a positive development for easing trade risks. For chip stocks, based on this consensus alone, we still can’t plug any newly increased China revenue directly into valuations.
#英伟达 #BTC
