On the recordJuly 15, 2025
The fourth one down, we want to keep China using it.
Said by
Howard Lutnick
The fourth one down, we want to keep China using it.
Lutnick explains the strategy behind selling lower-tier chips to China.
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Instead of just giving grants away under the CHIPS Act, Trump thinks the government should get benefits to the economics that we put out.
They are going to give America money when we ask for it to build the projects.
We’re setting prices so that the Chinese can’t dump any more, and we’re setting tariffs to say build it here.
If that deal gets approved, by the Chinese, then that deal will happen. If they don’t approve it, then TikTok is going to go dark, and those decisions are coming very soon.