Donald Trump meets with Nvidia’s Jensen Huang as semiconductor tariffs near

US President Donald Trump met on Wednesday (August 6) with Nvidia Corp. Chief Executive Officer Jensen Huang at the White House, as he readies sweeping new tariffs on semiconductor imports.Huang’s visit came hours before another tech leader, Apple Inc. CEO Tim Cook was set to announce a commitment for $100 billion in fresh domestic manufacturing investments. Both executives have lobbied Trump to exempt their products from the looming import taxes, which the US president has said he plans to unveil as soon as next week.

“We’re going to be announcing on semiconductors and chips, which is a separate category, because we want them made in the United States,” Trump said in an interview with CNBC on Tuesday.

Also Read: Congress leader Rahul Gandhi slams Trump’s 50% tariff on India, urges Modi to not give in to Trump bullying tacticsThose levies could have a significant impact on Nvidia, whose chips and related hardware are primarily produced in Taiwan. The company’s products are seen as critical to emerging artificial intelligence technologies.

The meeting between Trump and Huang was described by an administration official on the condition of anonymity, and first reported by CNBC. The pair met just last month at the White House, and Huang also attended an AI summit with the president and senior administration officials.

Shortly after the July gathering, Nvidia announced it would be allowed to resume selling its H20 AI chips to China as part of a recent trade truce with Beijing. The Trump administration had frozen the sale of those chips to China earlier this year as trade tensions spiked between the world’s two largest economies.

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