US President Donald Trump’s attempts to emulate China’s business style have failed, with his latest deal with Nvidia allowing the world’s most valuable firm to resume limited exports of AI chips to China. The move was seen as a 15% cut of the proceeds for US interests.
The deal is part of Trump’s efforts to strengthen ties with China while also accessing cutting-edge technologies. This strategy has been met with criticism, as some argue it could compromise national security.
On a separate note, entrepreneurs are leveraging AI technology to start and grow businesses on their own, earning them potential unicorn status. Meanwhile, McDonald’s reported hearty quarterly results despite facing dual challenges in the market.
Source: https://www.economist.com/business/2025/08/13/trump-wants-to-command-bosses-like-xi-he-is-failing