Trump Commerce pick slams China
· 1d · on MSN
Trump’s commerce secretary pick vows to keep China from using US tech to ‘compete with us’
DeepSeek: Trump Commerce Pick Vows Tough China Stance
Floor signage for the offices of DeepSeek (C) is seen in Beijing on January 28, 2025. Fears of upheaval in the AI gold rush rocked Wall Street, following the emergence of a popular ChatGPT-like model from China, with US President Donald Trump saying it was a “wake-up call” for Silicon Valley. (Photo by PETER CATTERALL / AFP)
· 1d
Trump commerce pick says favors broad tariffs, vows tough China stance
U.S. President-elect Donald Trump has told advisers he wants to travel to China after he takes office, the Wall Street Journal reported on Saturday ... Vice President Han Zheng will attend as Beijing stands ready to strengthen cooperation.
The superstar run for Nvidia’s stock the last few years has been astonishing. So was its tumble Monday, which caused $595 billion in wealth to vanish.
President-elect Trump is interested in heading back to China after he takes office again amid tensions with Beijing, according to a report.
DeepSeek is a new artificial intelligence chatbot that’s sending shock waves through Wall Street, Silicon Valley and Washington. The app, named after the Chinese start-up that built it, rocketed to the top of Apple’s App Store in the United States over the weekend.
The US President has previously called for tariffs as high as 60% on China, and analysts have expressed mixed feelings about the news.
A Chinese company’s claim of a $5.6 million artificial intelligence breakthrough wiped almost $600 billion from Nvidia’s market value on Monday, shattering Wall Street’s confidence that tech companies’ AI spending spree will continue and dealing an apparent blow to US tech leadership.
Emojis of “DeepSeek pride,” often with smiling cats or dogs, flooded Chinese social media, adding to the festive Lunar New Year atmosphere.
Did the upstart Chinese tech company DeepSeek copy ChatGPT to make the artificial intelligence technology that shook Wall Street this week?
Trump’s main goal is clear. He sees persistent trade surpluses with the U.S. as proof the U.S. is getting ripped off. Tariffs are his tool to reduce those surpluses, whether with China, Mexico, the European Union or India.
Wall Street started the week in a cold sweat thanks to DeepSeek, an obscure Chinese A.I. lab that just dropped a bombshell: a lightning-fast, budget-friendly large language model that’s shaking Silicon Valley to its core.
Chinese state-linked social media accounts amplified narratives celebrating the launch of Chinese startup DeepSeek's AI models last week, days before the news tanked U.S. tech stocks, according to online analysis firm Graphika.
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