Trump Exempts Gold from Tariffs; Nvidia and AMD Strike Unusual Revenue Deal with US

President TRUMP announced via social media that gold imports to the US will not face tariffs, ending market uncertainty sparked by conflicting signals from the White House. Gold futures showed muted reaction to the news, continuing their Monday slide amid broader market conditions.

In a separate development, Nvidia and AMD agreed to remit 15% of revenue from AI chip sales to China back to the US government. The unprecedented arrangement, negotiated directly between Nvidia CEO Jensen Huang and President Trump, effectively makes the federal government a profit participant in semiconductor exports. AMD confirmed receiving preliminary export licenses for AI chips, signaling immediate implementation of the new policy.

"This represents the monetization of trade policy at an unprecedented scale," remarked former US trade negotiator Stephen Olson. The deal creates a novel framework where technology exports become revenue streams for the Treasury Department.