
<a href="https://reason.com/2025/08/14/trump-administration-plans-to-tax-more-american-companies-on-overseas-sales/" target="_blank">View original image source</a>.
Grab your popcorn because President Trump just approved a deal that sounds like something out of a corporate thriller! American chipmakers Nvidia and Advanced Micro Devices (AMD) are now on the hook to share 15% of their revenue from China in exchange for export licenses. It’s like a reality show twist where companies get more than just a ‘get out of jail free’ card—they’re handing over their bucks too!
Treasury Secretary Scott Bessent suggested this could be a model for future arrangements, which raises eyebrows and constitutional questions. Technically, it might not be classified as an export tax, but does that make it right? The takeaway is that legality can often tip-toe on the line of absurdity, making you wonder what Trump’s administration will dream up next.
Critics are calling this scheme a slippery slope into the murky waters of corporate governance and governmental interference. It’s a fascinating yet alarming blend of public and private sectors, giving off major “we’re watching you” vibes that would make any freedom-loving capitalist cringe. Have we ventured into the territory of corporate blackmail, or is this a clever way to outsmart China?
So here’s a thought to chew on: if you were a CEO, would you play ball with this deal or take a stand against what some are calling an unconstitutional money grab? Let’s hear your thoughts!
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