## Nvidia CEO Dismisses Trump Tariff Concerns, Emphasizes US Chip Production **Report Provider:** The Hill **Author:** Filip Timotija **Published:** July 12, 2025 **Topic:** Technology / AI / Semiconductors ### Key Findings and Conclusions: Nvidia CEO Jensen Huang has expressed confidence that his company will navigate President Trump's tariff agenda, stating that they will "work through it." Huang emphasized the critical need for the United States to significantly increase its domestic semiconductor production. ### Critical Information: * **Nvidia's Market Performance:** Nvidia recently achieved a significant milestone, becoming the first publicly traded company to surpass a market capitalization of **$4 trillion**. * **CEO's Stance on Tariffs:** Huang dismissed concerns over President Trump's tariff agenda, stating, "Nobody likes disruptions and no one likes abrupt changes, but these settlements will — President Trump will settle these deals and countries will reorganize and resettle, and we’ll work through it." He further added, "Every single year there were rules and taxes and tariffs and policies and regulations, and we survived. I have every confidence that the world is going to survive this, companies will survive this and whatever it turns out to be, we’ll make the best of it." * **Emphasis on US Chip Manufacturing:** Huang strongly supports President Trump's vision for manufacturing in the United States, believing it will benefit various sectors, society, and national security. He highlighted the loss of manufacturing capabilities and skills in the US and the importance of bringing them back for skilled labor, industrial security, and supply chain resilience. * **Meetings with President Trump:** Jensen Huang met with President Trump at the White House on the same day the interview was published. The report notes that Huang has met with President Trump five times since his inauguration on January 20th. * **Congressional Concerns:** A bipartisan group of Senators, Elizabeth Warren (D-Mass.) and Jim Banks (R-Ind.), sent a letter to Huang this week urging him to reconsider an upcoming visit to China due to national security concerns. ### Numerical Data and Context: * **$4 Trillion:** This figure represents Nvidia's market capitalization, a key financial metric indicating the total value of the company's outstanding shares. Reaching this milestone signifies immense investor confidence and the company's substantial economic influence. * **August 1:** This date marks the implementation of "reciprocal" tariff rates that President Trump has notified some countries about. This is a critical timeframe for understanding the immediate impact of the administration's trade policies. * **Five Meetings:** This indicates a significant level of engagement between Nvidia's CEO and the President of the United States, suggesting a dialogue on industry-specific issues and national economic strategies. ### Important Recommendations: * **Bolster US Chip Production:** Huang's primary recommendation is for the US to increase its domestic semiconductor manufacturing capabilities. This is seen as crucial for national security, industrial security, and supply chain resilience. ### Significant Trends or Changes: * **Shifting US Trade Policy:** The news highlights President Trump's active reshaping of US trade policy, including the imposition of tariffs, which is a significant trend impacting global commerce. * **Resilience of Companies:** Huang's comments suggest a trend of companies adapting to and surviving changes in economic policies and global trade dynamics. ### Notable Risks or Concerns: * **Tariff Disruptions:** While Huang is optimistic, the news acknowledges that tariffs can cause disruptions and abrupt changes in business operations. * **National Security Concerns:** The letter from Senators Warren and Banks points to potential national security risks associated with business activities in countries like China, particularly in the sensitive semiconductor industry. ### Material Financial Data: * **Market Capitalization:** Nvidia's market capitalization exceeding $4 trillion is the most significant financial data point presented, underscoring the company's immense financial standing. This summary encapsulates the core message of the news, highlighting Nvidia CEO Jensen Huang's pragmatic approach to trade policy and his strong advocacy for strengthening the US semiconductor industry, all within the context of Nvidia's impressive market performance and ongoing geopolitical considerations.
Nvidia CEO dismisses Trump tariff concerns: ‘We’ll work through it’
Read original at The Hill →Skip to contentNvidia CEO Jensen Huang dismissed concerns over President Trump’s tariff agenda, saying the California-based company will “work through it” and emphasized that the U.S. needs to bolster its production of chips. “Nobody likes disruptions and no one likes abrupt changes, but these settlements will — President Trump will settle these deals and countries will reorganize and resettle, and we’ll work through it,” Huang said in an interview with USA Today published on Friday.
Trump has reshuffled U.S. trade policy since returning to the White House, and he has recently notified countries about the tariff rates some will face at the start of next month. The president has alerted nations about the “reciprocal” rate that will come into effect on Aug. 1, and some of warned of countermeasures and called for further negotiations.
“Every single year there were rules and taxes and tariffs and policies and regulations, and we survived. I have every confidence that the world is going to survive this, companies will survive this and whatever it turns out to be, we’ll make the best of it,” Huang said. This week, Nvidia became the first public-traded company to hit a market capitalization above $4 trillion.
Huang met with Trump at the White House the same day. The two have had five meetings since the president took office on Jan. 20, USA Today reported. Huang said on Friday that the U.S. has to manufacture more semiconductors, arguing the push will yield benefits across various sectors. “Absolutely. I believe President Trump’s vision, his bold vision to manufacture in the United States, it’s great for our industries, it’s great for our society,” the Nvidia head said to USA TODAY.
“We’ve lost a lot of manufacturing capability and skills, which is really great for skilled craft and people that work with their hands and build things,” he added. “We want to celebrate that. We want to bring that back to the United States. It’s very important to national security, industrial security, supply chain resilience.
” His remarks come as a bipartisan duo, Sens. Elizabeth Warren (D-Mass.) and Jim Banks (R-Ind.), sent a letter to Huang this week, asking him to reconsider an upcoming visit to China over national security concerns. Tags Donald TrumpElizabeth WarrenJim BanksNVIDIAsemiconductor chipsTrump administrationTrump tariff agendaCopyright 2025 Nexstar Media Inc.
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