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Investing.com-- U.S. President Donald Trump told CBS’ 60 Minutes that Nvidia will not be allowed to sell its most advanced artificial intelligence chips to China, but that the company will be allowed to deal with Beijing.
In an interview aired on Sunday evening, Trump said he will not let anybody outside the U.S. have Nvidia’s most advanced chips– the Blackwell series.
“We will let them (China) deal with Nvidia but not in terms of the most advanced. The most advanced, we will not let anybody have them other than the United States,” Trump told CBS’ Norah O’Donnell.
Trump touted a recent trade deal with China, stating that he had a “great relationship” with the country, and that it was “better to get along with China than not.”
Trump’s comments come after Washington and Beijing agreed to a one-year trade deal under which China will ease its rare earth export curbs and buy more U.S. agrigoods, in exchange for lower U.S. tariffs on the country.
The interview, which was aired on Sunday evening and recorded on Friday, was Trump’s first appearance on CBS’ 60 Minutes in five years.
Trump also returned to the show after winning a $16 million settlement with CBS parent Paramount over a 60 Minutes episode last year, which he claimed deceptively edited an interview with then political opponent Kamala Harris.
Trump, in his latest appearance covered a slew of major topics, including the Israel ceasefire, the Russia-Ukraine war, and an ongoing U.S. economic shutdown.
Trump also defended his trade tariffs, stating that the government was seeing vast amounts of fiscal income from the measures, and that any ruling against his tariffs would bode poorly for the U.S. economy.
“I think our country will be immeasurably hurt. I think our economy will go to hell,” Trump said, responding to a question on what would happen if the Supreme Court invalidated his tariffs.
The Supreme Court will hear arguments this week on several legal challenges to Trump’s tariffs.