Nvidia’s CEO, Jensen Huang, brushed off worries about President Trump’s tariff plans, stating that the California-based company would manage to adapt and highlighting the need for increased semiconductor production in the US.
“Confusion and sudden change aren’t ideal, but I believe President Trump will find a way to navigate these deals, and countries will adapt,” Huang shared in an interview with USA Today, which was published on Friday.
Since his return to the White House, Trump has altered US trade policies and recently alerted the nation about upcoming tariff rates that will take effect next month. He warned of “mutual” rates set to start on August 1 and mentioned the need for further discussions regarding these measures.
“We’ve dealt with various rules, taxes, and tariffs in the past, and we’ve managed to survive. I trust that others will find a way through this too,” Huang remarked.
This week, Nvidia made headlines by becoming the first public company to surpass a market valuation of $4 trillion. On the same day, Trump met with fans at the White House, and this marks their fifth meeting since his inauguration on January 20, as noted by USA Today.
Huang stressed that the US needs to ramp up semiconductor manufacturing, arguing that this initiative would benefit multiple sectors.
“Definitely. President Trump’s ambitious vision for manufacturing in the US will support both our industry and society as a whole,” Huang told USA Today.
“We’ve seen a decline in our manufacturing capabilities, which is detrimental for skilled trades and those who create tangible products. It’s really important to revive that here. This matters greatly for national security, industrial integrity, and supply chain stability,” he added.
These statements came amidst concerns from a bipartisan group, including Senator Elizabeth Warren (D-Mass.) and Jim Banks (R-Ind.), who sent a letter to Huang urging him to reconsider his planned trip to China based on national security implications.
