Trump’s Policies Spark Global Economic Turmoil: Nvidia Ban and Trade War Escalation

This move marks a significant departure from previous trade tensions and signals a deepening technological rivalry between the US and China. The restrictions are designed to cripple Chinese access to crucial AI components, leaving the US with an apparent edge in this burgeoning field. Following this announcement, Nvidia’s stock plummeted, dragging down the entire Nasdaq market and highlighting the strategic importance of the company. This ban reflects a broader trend towards technological dominance rather than simply economic sanctions.