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Ciao, for now: Washington's AI chip fight heats up
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<div style="display:none;max-height:0;overflow:hidden;mso-hide:all;font-size:1px;line-height:1px;color:#ffffff;">
Plus: Sanders threatens to pause AI development, and Meta faces addiction lawsuits
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AI & Chips
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·
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Regulation & the Courts
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·
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On the Trail
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Washington
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Monday, August 10, 2026
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Carney and Trump's sparring leaves a North Dakota senator unfazed — but tariffs loom in nine days
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Sen. Kevin Cramer (R-N.D.), a longtime Trump ally, says he reads the verbal jousting between President Donald Trump and Canadian Prime Minister Mark Carney as a sign of mutual respect rather than genuine friction. 'They're somewhat jocular,' Cramer told Playbook. 'I think it's an ultimate expression of respect that they're able to have this friendly banter and not take it personally.' The assessment carries weight: Cramer has watched both leaders closely and has little incentive to paper over real tensions.
</p>
<p style="margin:12px 0 0;">
Carney has made a habit of needling Trump in public — riffing on teleprompter malfunctions, McDonald's, and the president's unpredictability at a Diwali event. The two are even said to have placed a friendly wager ahead of last year's Blue Jays-Dodgers World Series. The banter has so far not derailed substantive engagement.
</p>
<p style="margin:12px 0 0;">
What business leaders should watch: the clock. New tariffs are set to take effect in nine days, and however collegial the personal dynamic between the two leaders, the
trade relationship remains under real pressure. Executives with cross-border supply chains, particularly in agriculture and manufacturing, should be tracking whether that deadline produces a deal or another round of escalation.
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Read more at POLITICO ›
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<div style="font-size:13px;letter-spacing:2px;font-weight:800;text-transform:uppercase;color:#121721;border-bottom:2px solid #00d5ff;padding-bottom:6px;">
AI & Chips
</div>
</td>
</tr>
<tr>
<td style="padding:12px 24px 12px;">
<h3 style="margin:0 0 8px;font-family:Inter, Arial, sans-serif;font-size:24px;line-height:1.3;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Memory chip shortage sparks broad corporate lobbying push in Washington
</a>
</h3>
<div style="font-size:17px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
The AI boom has created a memory chip shortage that is
now driving one of the most consequential corporate lobbying campaigns in Washington. Chip prices have quadrupled over the past year as AI data centers absorb supply, leaving automakers, medical device manufacturers, and consumer electronics companies — including Apple — scrambling for components. Lobbyists for those industries have proposed solutions ranging from tying CHIPS Act funding to broader customer allocation requirements to invoking the Korean War-era Defense Production Act to compel chip makers to sell outside the AI sector. The
fight puts the White House in a bind: AI investment is a political priority, but rising chip prices feed the inflation narrative the administration has struggled to counter. How the Trump administration responds will shape which industries can scale — and which face component-driven bottlenecks for years to come.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size:
14px;">
Read more at The New York Times ›
</a>
</div>
</td>
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<tr>
<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
</div>
</td>
</tr>
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<td style="padding:12px 24px 12px;">
<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
House China Committee chair pushes Commerce to enforce chip manufacturer rule
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Rep. John Moolenaar (R-Mich.),
who chairs the House Select Committee on China, urged the Commerce Department to enforce a Biden-era rule requiring chip manufacturers to scrutinize orders that could funnel advanced logic chips to sanctioned Chinese firms. The rule was designed to close the loophole that allowed chips made by TSMC for Chinese designer Sophgo to end up inside Huawei AI processors. With the Trump administration already signaling it would not enforce a separate Biden chip regulation, Moolenaar's letter adds congressional pressure to prevent enforcement from
quietly lapsing on this measure as well.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at Reuters ›
</a>
</div>
</td>
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<tr>
<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
</div>
</td>
</tr>
<tr>
<td style="padding:12px 24px 12px;">
<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
New research links AI exposure to higher unemployment and slower wage growth
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Morgan Stanley economists find the unemployment rate is
roughly half a percentage point above normal in occupations highly exposed to AI since the ChatGPT era, with younger workers and those transitioning back from unemployment hit hardest. Separately, research using Anthropic usage data found wage growth in AI-exposed fields contracted 6.7 percent since 2023, with the sharpest effects on lower earners. For investors and executives, the data underscores that AI's labor-market disruption is already measurable — and politically combustible heading into the midterms.
</p>
</div>
<div style="padding:8px 0
0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at POLITICO ›
</a>
</div>
</td>
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<tr>
<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
</div>
</td>
</tr>
<tr>
<td style="padding:12px 24px 12px;">
<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
House Democrats press AI CEOs to testify on hacking incidents
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
A group of House Democrats sent a letter to Speaker Mike Johnson urging him to compel the CEOs of OpenAI,
Anthropic, and other major AI companies to testify under oath following a series of recent cyberattacks carried out using their models. The lawmakers called the incidents 'serious' and warned they 'may be the canary in the coal mine.' The push adds legislative momentum to calls for AI regulation and raises the prospect of mandatory congressional oversight for an industry that has so far largely self-policed.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at CNBC ›
</a>
</div>
</td>
</tr>
<tr>
<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
</div>
</td>
</tr>
<tr>
<td style="padding:12px 24px 12px;">
<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Sanders threatens to force pause on AI development at OpenAI, Anthropic, and Meta
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Sen. Bernie Sanders is threatening legislative action that
would require OpenAI, Anthropic, and Meta to pause AI development, escalating congressional pressure on the industry. The move aligns with Sanders's broader populist economic agenda and signals that scrutiny of AI companies is no longer confined to the political center. For AI firms seeking to avoid a regulatory crackdown, Sanders's threat raises the stakes of ongoing congressional debates over how — and how quickly — to govern advanced AI systems.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at Quartz ›
</a>
</div>
</td>
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<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
</div>
</td>
</tr>
<tr>
<td style="padding:12px 24px 12px;">
<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Zuckerberg dismisses most AI safety concerns as overstated
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Meta CEO Mark Zuckerberg argued in a Monday blog post that fears about artificial superintelligence are
overblown, framing the technology as a tool for accessibility, personalized services, and economic empowerment. He wrote that concentrating AI power in the hands of a single entity would be 'inherently problematic,' pushing back against what he characterized as extreme caution. His public stance puts him in direct contrast with AI safety advocates — and positions Meta as a company betting heavily on open AI development even as regulatory pressure builds in Washington.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at The Hill ›
</a>
</div>
</td>
</tr>
<tr>
<td style="padding:28px 24px 12px;">
<div style="font-size:13px;letter-spacing:2px;font-weight:800;text-transform:uppercase;color:#121721;border-bottom:2px solid #00d5ff;padding-bottom:6px;">
Regulation & the Courts
</div>
</td>
</tr>
<tr>
<td style="padding:12px 24px 12px;">
<h3 style="margin:0 0 8px;font-family:Inter, Arial, sans-serif;font-size:24px;line-height:1.3;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Appeals court allows 3,000-plus youth addiction suits against Meta, TikTok, and others to proceed
</a>
</h3>
<div style="font-size:17px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
The 9th U.S. Circuit
Court of Appeals rejected an attempt by Meta, Alphabet's Google, ByteDance's TikTok, Snap, and other social media companies to have more than 3,000 federal lawsuits dismissed over claims they deliberately engineered their platforms to be addictive to young users. The court held that Section 230 of the Communications Decency Act does not provide immunity against claims that companies failed to warn users about addictive design features — a narrow but significant legal distinction. The ruling keeps massive potential liability alive for the
industry and could accelerate legislative efforts to tighten platform regulation.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at The Charlotte Observer ›
</a>
</div>
</td>
</tr>
<tr>
<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
</div>
</td>
</tr>
<tr>
<td style="padding:12px 24px 12px;">
<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
HHS proposes rule requiring food makers to disclose safety findings to FDA
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
The Department of Health and Human Services proposed a rule that
would require food manufacturers to notify the FDA when they determine that an additive is generally recognized as safe, and to submit information on existing additives already in use. The proposal targets a longstanding gap in federal oversight that critics say has allowed thousands of unstudied chemicals into the food supply. Companies that have relied on self-certification to add ingredients without FDA review would face new disclosure obligations if the rule is finalized.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at Quartz ›
</a>
</div>
</td>
</tr>
<tr>
<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
</div>
</td>
</tr>
<tr>
<td style="padding:12px 24px 12px;">
<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
32 elite universities must face antitrust lawsuit over early decision pricing
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
A federal judge ruled that 32 major
universities — including Duke, Cornell, Northwestern, Columbia, and Wesleyan — must face a proposed class action alleging they conspired to inflate tuition through early decision admissions programs. Plaintiffs argue the schools agreed not to compete for each other's early decision admits, preventing students from comparing financial aid offers. The ruling, which found the allegations plausibly stated an antitrust violation, keeps significant legal exposure alive for institutions that enroll tens of thousands of students each
year.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at Reuters ›
</a>
</div>
</td>
</tr>
<tr>
<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
</div>
</td>
</tr>
<tr>
<td style="padding:12px 24px 12px;">
<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Trump administration proposes disclosure fix for food additive loophole, but critics say it falls short
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
The Trump administration proposed a
rule Monday that would require food manufacturers to notify the FDA when they designate an ingredient as generally recognized as safe, closing a gap that has allowed companies to introduce additives without government knowledge. The proposal also covers existing additives already in the food supply. Critics, including public health advocates, say the rule does not prevent new potentially unsafe ingredients from entering foods and does not remove the thousands of additives already on shelves — limiting its practical impact even as it marks the
administration's first concrete step under its food safety agenda.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at NBC News ›
</a>
</div>
</td>
</tr>
<tr>
<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
</div>
</td>
</tr>
<tr>
<td style="padding:12px 24px 12px;">
<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Youth addiction suits against Meta and TikTok survive appeals court challenge
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
The 9th U.S. Circuit Court of Appeals declined to dismiss thousands
of lawsuits against Meta, TikTok, and other social media platforms alleging they designed products to addict young users, finding that Section 230 immunity does not extend to claims about addictive platform design. The decision means the companies must continue to litigate, preserving exposure that could run into the billions of dollars and increasing pressure on Congress to clarify the scope of platform liability protections.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at Quartz ›
</a>
</div>
</td>
</tr>
<tr>
<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
</div>
</td>
</tr>
<tr>
<td style="padding:12px 24px 12px;">
<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Supreme Court weighs whether to block Trump mail-in ballot changes with midterms under 90 days away
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Election officials
are urging the Supreme Court to block Trump administration rules that give the U.S. Postal Service authority over who receives mail-in ballots, with fewer than 90 days until the midterms. Postal Service rule changes also mean same-day postmarking of ballots is no longer guaranteed. Washington state Attorney General Nick Brown is advising voters to use drop boxes instead of the mail to avoid potential delays. The case tests how far the federal government can extend its authority over state-run election administration — a question with direct
implications for voter access and ballot counting timelines this fall.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at USA TODAY ›
</a>
</div>
</td>
</tr>
<tr>
<td style="padding:16px 24px;">
<table style="width:100%;border-collapse: collapse;">
<tbody style="padding:0;margin:0">
<tr style="padding:0;margin:0">
<td align="center" style="padding:0;margin:0">
<a id="pad-desktop" style="display: block">
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fpa-cdn1.pvd.to%252Fs%252Fz6zfwn%253Femail%253D947418d3%2540uifeed.com%2526campaign_id%253D11066279%2526device%253Ddesktop%2526v%253D0.14%2526color_scheme%253Dlight/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZwYS1jZG4xLnB2ZCIsInRpbWUiOjE3ODYzOTQxMzQuMjQyNDE2Nn0:1wtWic:1xWMc9xilkcdyJTwm26k9InLEYdrLDvVj_1A-XLcpdY" style="width:100%;max-width:600px" width="600"/>
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</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
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<td style="padding:28px 24px 12px;">
<div style="font-size:13px;letter-spacing:2px;font-weight:800;text-transform:uppercase;color:#121721;border-bottom:2px solid #00d5ff;padding-bottom:6px;">
On the Trail
</div>
</td>
</tr>
<tr>
<td style="padding:12px 24px 12px;">
<h3 style="margin:0 0 8px;font-family:Inter, Arial, sans-serif;font-size:24px;line-height:1.3;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Wisconsin and Minnesota primaries put progressive-establishment Democratic divide to the test
</a>
</h3>
<div style="font-size:17px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Wisconsin and Minnesota hold primaries Tuesday that will further define the battle between the Democratic establishment and its resurgent progressive wing. In Wisconsin, democratic socialist Francesca Hong is seeking the governorship while leading polls by double digits over party-preferred rivals. In Minnesota, the U.S. Senate race pits Rep. Angie Craig against Lt. Gov. Peggy Flanagan. The contests follow Abdul El-Sayed's narrow Senate primary win in Michigan last week, which energized the left and alarmed centrists. For
party strategists and donors, the results will sharpen the debate over whether Sanders-style populism can win competitive general elections in states that will matter enormously in 2028.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at San Francisco Chronicle ›
</a>
</div>
</td>
</tr>
<tr>
<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
</div>
</td>
</tr>
<tr>
<td style="padding:12px 24px 12px;">
<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Progressive candidates in Wisconsin and Michigan test Sanders-style populism as 2028 audition
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Francesca Hong, running for Wisconsin governor, and Michigan
Senate nominee Abdul El-Sayed are positioning their campaigns as proof that Sanders-style democratic socialism can win swing-state general elections — a proposition that unnerves many establishment Democrats. Hong leads Wisconsin primary polls by double digits and argues a win signals viability for progressive presidential candidates. El-Sayed, already the nominee, is pressuring potential 2028 contenders to embrace Medicare for All. The outcome will test whether the left's energy translates beyond blue strongholds.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at Axios ›
</a>
</div>
</td>
</tr>
<tr>
<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
</div>
</td>
</tr>
<tr>
<td style="padding:12px 24px 12px;">
<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
National Democrats rush to shore up Wisconsin House recruit ahead of Tuesday primary
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
National Democrats are working
to secure Rebecca Cooke's path to a November rematch with Rep. Derrick Van Orden in a key Wisconsin battleground district, a race once considered a safe primary that now faces a credible left-flank challenge. Emily Berge, a former Eau Claire City Council president backing Medicare for All, has drawn endorsements from local Indivisible chapters and state lawmakers. To shore up support, Cooke is running ads featuring Sen. Bernie Sanders and calling for a data center moratorium. Pro-Choice Majority Action placed a $250,000 ad buy backing Cooke
last week, a signal the primary is no longer a formality.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at POLITICO ›
</a>
</div>
</td>
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<tr>
<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
</div>
</td>
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<tr>
<td style="padding:12px 24px 12px;">
<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Texas poll shows Democrats competitive statewide for first time in decades
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
A Texas A&M Bush School poll of
619 likely voters finds state Rep. James Talarico leading Republican Attorney General Ken Paxton 47-43% in the U.S. Senate race, while Democratic gubernatorial candidate Gina Hinojosa trails incumbent Gov. Greg Abbott by just one point. Lt. Gov. Dan Patrick trails Democratic challenger Vikki Goodwin by two points. The margin of error is plus or minus 4.7 percentage points. No Texas Democrat has won a statewide office in more than 30 years, making these results, if they hold, a significant warning sign for Republicans in a state long considered
safely red.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at Houston Chronicle ›
</a>
</div>
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<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
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<td style="padding:12px 24px 12px;">
<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Maine Senate race turns on women voters as Collins faces strong challenge from Jackson
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
The Maine U.S. Senate contest between incumbent Republican Susan Collins and Democrat Troy Jackson, a
progressive former state senator, is shaping up as one of the most competitive midterm races in the country, with women voters widely seen as the decisive bloc. Jackson entered the race after the party's original recruit dropped out, and progressive activists in the state are rallying behind him. Collins has long cultivated a cross-partisan image, but the dynamics of the race — including abortion rights and kitchen-table economic concerns — are pushing both campaigns to compete aggressively for Maine women.
</p>
</div>
<div style="padding:8px 0
0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at NPR ›
</a>
</div>
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<tr>
<td style="padding:0 24px;">
<div style="border-top:1px solid #e3e6eb;line-height:1px;font-size:1px;">
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<td style="padding:12px 24px 12px;">
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<a style="color: #17253d; text-decoration: none;">
Trump's foreign licensing revenue hit $59.5 million in 2025, with Gulf developers driving most of the gain
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President Trump's foreign real-estate
licensing business generated $59.5 million in 2025, a 71% jump from 2024 and nearly 10 times the 2023 total, according to a CNBC analysis of his annual financial disclosure. More than 60% of that income came from Gulf country projects, including developers in the UAE and Qatar, at least one of which is pursuing a $20 billion U.S. investment expansion. Four licensing LLCs not previously listed in Trump's disclosures accounted for 82% of the increase. Ethics watchdogs say the arrangement creates an unprecedented conflict between the president's
private financial interests and his administration's diplomatic and regulatory decisions.
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Read more at CNBC ›
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