By John Tamny
Publication Date: 2026-06-04 14:30:00
WASHINGTON, DC – SEPTEMBER 27: NVIDIA founder, President and CEO Jensen Huang speaks about the future of artificial intelligence and its effect on energy consumption and production at the Bipartisan Policy Center on September 27, 2024 in Washington, DC. Huang said that machine learning uses a large amount of energy but that artificial intelligence will save energy in the long run due to it’s efficient computing abilities. Founded in California in 1993, NVIDIA is the world’s most valuable publicly traded company, with a market capitalization of over $3.3 trillion. (Photo by Chip Somodevilla/Getty Images)
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Short of Chinese producers of “rare earths” literally hoarding them, there’s no keeping them out of the United States. Production begets imports, and with the U.S. economy by far the world’s most productive, global production will find its way here.
The biggest country economies need never worry about lacking the resources necessary to continue growing. In the “closed economy” that is the world economy, production always and everywhere finds production.
This is worth remembering as media accounts, including one in the New York Times from this week, criticize Nvidia for “final delivery of advanced tech” to China. The Times portrayed the movement of advanced technology between San Jose, CA-based Nvidia to China in cloak-and-dagger fashion, but the reality is that it’s basic economics. The U.S. has the world’s largest economy, China the…
