Lydia Moynihan: China Also Wants to End the Iran War, They ‘Desperately’ Need Our A.I. Chips

TRANSCRIPT:

MOYNIHAN: "Yes, obviously, we don't have a lot of substance, if at all, in these conversations. It is just symbolism at this point. But the symbolism would suggest that they are eager to make some kind of deal. And as Jason mentioned, you know, they're not in a great position either. You know, I know they have vastly more oil reserves but, look, their net import of oil is down towards 20 percent. This is not an economy that is in a strong position. They've been facing a real estate crisis for five years. They need to export all of these goods domestically. Demand is not what it was. And so, as much as we want this war to end, look, 50 percent of their oil comes from the Middle East. So I think, frankly, in this moment, there might be more to be aligned on. Of course, the tech piece of this is huge. Trump brought a huge coalition of business and tech leaders, and China is desperately trying to get our AI chips. They need that capacity to continue to grow their own economy. We're in an AI race head to head with them, and they recognize they need Nvidia, they need some of these microprocessors. And hopefully that's a huge point of leverage that Trump stands firm on because there's been a ton of IP theft. We need to make sure that our companies are protected in that regard."