Treasury Chief Credits Trump for Nvidia China Deal That Boosts U.S. Coffers

US Treasury Secretary Bessent said an agreement that lets Nvidia continue selling its chips in China was designed by former President Donald Trump and represents a “unique solution” to balancing commercial access with national-security concerns. Bessent told Bloomberg Television the arrangement channels a portion of Nvidia’s China revenues back to the U.S. Treasury, giving taxpayers a direct benefit. She added that similar structures could be applied in other technology or trade cases over time. The secretary signaled willingness to discuss with Beijing how the chips are used, but stressed that Washington does not want “the world standard to be Chinese,” underscoring broader efforts to maintain U.S. technological leadership.