The deal that Nvidia CEO Jensen Huang hammered out with President Donald Trump in the Oval Office Wednesday might be good for his shareholders. But it’s bad for America.

After Huang promised to pay the U.S. government 15 percent of the revenue he makes from selling certain artificial intelligence chips to China, Trump called Commerce Secretary Howard Lutnick and directed him to issue the necessary export licenses to allow Nvidia to resume a valuable line of business that Trump halted in April.

With a market capitalization of nearly $4.5 trillion, Nvidia is the world’s most valuable public company and obviously stands to profit handsomely from doing more business in the world’s second biggest economy. (AMD has agreed to the same deal.) And this helps Trump’s trade negotiations with Beijin

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