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Scott Bessent floats rolling out export tax to more industries

US Treasury secretary says Nvidia revenue-sharing agreement could be a model

US Treasury secretary Scott Bessent has raised the prospect of the White House rolling out the unprecedented revenue-sharing agreement it struck with chipmakers Nvidia and AMD to other industries.

President Donald Trump upended corporate norms this week after Nvidia and AMD agreed to give the US government 15 per cent of their Chinese chip sales in exchange for being awarded export licences.

“I think we could see it in other industries over time,” Bessent told Bloomberg TV on Wednesday. “I think right now this is unique, but now that we have the model and the beta test why not expand it?”

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