US-China Trade Truce Extended; China Urges Firms to Avoid Nvidia Chips | Bloomberg Brief 8/12/2025 US equity futures are little changed ahead of key inflation data. President Trump has extended a pause of higher tariffs on Chinese goods for another 90 days. Beijing has urged local companies to avoid using Nvidia's H20 processors, which the chip giant had agreed to share sales revenue of with the US government. Paul Donovan of UBS Global Wealth Management and Priya Misra of JPMorgan Asset Management preview the US CPI data. Norway Wealth Fund CEO Nicolai Tangen joins following the fund's best quarter since late 2023 and says that US inflation could be persistent. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)
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