Skip to content
Bull Bear Daily

Bull Bear Daily

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Politics
  • Top News
  • Newsletters
  • Home
  • 2025
  • April
  • 14
  • GOP senators ask Trump admin to withdraw rule that would limit global access to AI chips

GOP senators ask Trump admin to withdraw rule that would limit global access to AI chips

Bull Bear Daily April 14, 2025
2025-04-14T151336Z_1_LYNXMPEL3D0OX_RTROPTP_4_AI-JOBS

By Karen Freifeld

(Reuters) -Seven Republican senators sent a letter to U.S. Commerce Secretary Howard Lutnick on Friday, urging the administration to withdraw a last-minute Biden administration rule that would control global access to AI chips, warning the restrictions would damage U.S. leadership in artificial intelligence, according to a copy of the letter seen by Reuters.

The letter calls for “immediate action” on the AI Diffusion rule, issued on Jan. 13 and which takes effect on May 15.

“Every day this rule remains in place, American companies face mounting uncertainty, stalled investments, and the risk of losing critical global partnerships that cannot be easily regained,” according to the letter, which seen by Reuters on Monday.

“We urge you to withdraw this rule and propose an alternative that is effective in preventing Communist China from capturing the world market in leading technology without compromising American advantages.”

The letter says the structure of the rule, which splits countries into three tiers, notes that only 18 nations are in a grouping with easiest access to American technology, and only if they comply with burdensome regulations. They also note that partners and allies like Israel are excluded from that tier.

The letter was signed by senators Pete Ricketts, Thom Tillis, Markwayne Mullin, Ted Budd, Roger Wicker, Eric Schmitt and Tommy Tuberville.

The U.S. Commerce department did not immediately respond to a request for comment.

(Reporting by Karen Freifeld; Editing by Chizu Nomiyama)


About the Author

Bull Bear Daily

Administrator

Visit Website View All Posts

Post navigation

Previous: Brazil economy set to decelerate in second half of 2025 on high interest rates, trade worries: Reuters Poll
Next: S&P 500’s looming ‘death cross’ may not be as ominous as it sounds, analysts say

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Sign up for our free Bull Bear Daily Newsletter!

Discover new market trends and ideas directly to your inbox.

Recent Posts

  • Microsoft signs $9.7 billion contract with IREN for Nvidia chips
  • Coinbase holds edge in US crypto race even as rivals’ public listings reshape landscape
  • Citi to tie up with Coinbase to boost digital payments for institutional clients
  • HSBC to book $1.1 billion provision after Luxembourg court ruling in Madoff case
  • Workers reject Boeing’s latest offer after nearly three months on strike

You may have missed

2025-11-03T111233Z_1_LYNXMPELA20G4_RTROPTP_4_GERMANY-POLITICS-HANNOVER-FAIR.JPG
  • Newsletters

Microsoft signs $9.7 billion contract with IREN for Nvidia chips

Bull Bear Daily November 3, 2025
  • Newsletters

Coinbase holds edge in US crypto race even as rivals’ public listings reshape landscape

Bull Bear Daily October 31, 2025
2025-10-28T050810Z_1_LYNXMPEL9R050_RTROPTP_4_CITIGROUP-COINBASE-GLOBAL-CRYPTOCURRENCY.JPG
  • Newsletters

Citi to tie up with Coinbase to boost digital payments for institutional clients

Bull Bear Daily October 29, 2025
2025-10-26T230052Z_1_LYNXMPEL9P0H0_RTROPTP_4_HSBC-HLDG-RESULTS.JPG
  • Newsletters

HSBC to book $1.1 billion provision after Luxembourg court ruling in Madoff case

Bull Bear Daily October 27, 2025
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Bull Bear Daily | bullbeardaily.com