FirstFT: Nvidia chips worth $1bn smuggled to China despite Trump export controls
Also in today’s newsletter, Thai fighter jets strike Cambodia, and Trump clashes with Fed chair
Also in today’s newsletter, Thai fighter jets strike Cambodia, and Trump clashes with Fed chair

Roaring black market for US semiconductors operates despite efforts to curb Beijing’s high-tech ambitions

Also in today’s newsletter, US president deploys National Guard to Washington, and CATL suspends Chinese lithium mine

President says other chipmakers can also resume exports and ‘25% will be paid’ to the US

Also in today’s newsletter: Trump to kick off final round of Fed chair interviews, and BoJ governor says economy has weathered US…

Also in today’s newsletter, Europe urges Trump to use sanctions pressure against Russia, and rice prices plunge to 8-year low

US president confirms he negotiated ‘a little deal’ with chipmaker’s chief Jensen Huang