US to Curb Global Chip Shipments NVIDIA

[Jamaika]

(Bloomberg) — President Joe Biden’s administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia Corp. (NVDA) just days before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.
Interesting. Central Europe looks like the slums of Africa. The old division is returning.
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ious4ftQOWOU/v3/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/-1x-1.png

[GeoffreyA]

Well, what's new? It's the usual big joke, the division between the Global South and the West, brought out graphically by that map, not to mention the bully west of the Atlantic.

[Jamaika]

This is a fact. You can add Intel, AMD, Ryzen processors to this. I don't know why media didn't bother to add this fact. Is it profitable for user to buy electronics in the US today? Then what courier network should they use to bring it? What customs duty should they pay?
Will corporate intermediaries allow this? An open war with Trump in the EU is coming. So won't there be a hostile takeover of goods in Hamburg?
Or maybe today, from the position of Central Europe, we should ignore Biden, Trump, Tusk and switch to electronics from China imported e.g. by Amazon?
Unless Amazon goes bankrupt as a result of Trump's actions. From my perspective, a smartphone, an electric car from Norway, which is not in the EU, is half the price of a promotion from an operator in Central Europe. This green deal policy is interesting. What will be or are the Chinese substitutes?
I'm leaving aside the fact that the stores are empty and expensive. What will happen to companies like MSI, Asus, and others that soldered electronics in China. Will they become history?

[GeoffreyA]

I don't know the answers to these questions, but what I can say is that there's going to be economic (and other) trouble, thanks to Trump and that few-screws-loose Musk. At the end of the day, the man on the ground is likely to feel the sting of it. But, after all, that's what oligarchy and capitalism are all about.

Regarding Chinese electronics, here in South Africa, they are quite popular, good, and cheap, the phones, TVs, and home appliances in particular. (Samsung and LG are less prominent than they used to be.) SA, being part of BRICS, has close economic ties with China, who is our top trading partner (the US clocks in at number three).

[brattina01]

Given the rising costs and potential tariffs, is it still financially viable for consumers in the US to purchase electronics from overseas, particularly from China?

[GeoffreyA]

Given the rising costs and potential tariffs, is it still financially viable for consumers in the US to purchase electronics from overseas, particularly from China?

With the dropping of the US-China tariffs last week, things won't be as bad as they would have been, had the exorbitant tariffs stuck. But one needs to see on a case-by-case basis whether buying from overseas will be cheaper, what sort of duties one will pay, and whether it is a reputable retailer. Buying locally might be safer, and warranty will be easier too.

In reference to my earlier comment from January, I meant buying Chinese electronics locally, in brick-and-mortar shops or online retailers. These products have been prevalent on our market for some years, pushing aside Samsung and LG. Even in cars, Haval is on our roads in numbers.