President Donald Trump defended a deal he struck with Nvidia CEO Jensen Huang to allow the sale of certain semiconductor chips to China in exchange for the company giving the U.S. government 15 percent of the revenue.

Critics warn that even reduced Blackwell chips could help China build world-class AI supercomputers if purchased in large volumes.

Those innocent days ended this week when President Donald Trump confirmed a deal that creates the most beautiful government revenue model since Pope Leo X, who happened to be a Medici, discovered he could sell indulgences to fund St.