#china-export-restrictions

#china-export-restrictions

Nvidia is virtually unbeatable as a supplier of AI chips. Its Graphical Processing Units (GPUs) are by far the most powerful, scalable, and easy to use, especially for training large language models. This has propelled Nvidia to a market value of over $4 trillion. Although AMD in particular touts a cheaper yet mostly similar equivalent, Nvidia's ecosystem of software layers and partners forms an impregnable fortress.

China introduced restrictions on its rare earth exports in April, two days after Trump announced retaliatory tariffs. In July, India's best-selling electric scooter, Bajaj Auto's Chetak, hit a big speed bump. A shortage of rare-earth metals had hit production plans, and the company was forced to almost halve its output. Bajaj manufactured just 10,824 units of the Chetak in July, as compared with 20,384 units during the same period last year, due to rare earth shortages.