Signal Export licences and tariff relief converted into revenue and price concessions

Summary

Eurasia Group shows how tools meant for national security have become ways to raise money and extract concessions. Nvidia and AMD agreed to hand the Treasury 15% to 25% of revenue from semiconductor sales to China in return for export permission. Pfizer, in exchange for tariff relief, agreed to lower medicine prices, sell via a government portal and invest in US manufacturing. The report places these deals within a wider toolkit of tariffs, equity stakes and regulatory leverage. It expects revenue-sharing arrangements to become more frequent as tariffs grow harder to use.