Bessent called the deal "unique," before suggesting that it could be a lot less unique soon. Scholars have another word: unprecedented.

Treasury Secretary Scott Bessent said the recent deal to allow Nvidia Corp. and Advanced Micro Devices Inc. to resume lower-end AI chip sales to China, on the condition they give the US government

Nvidia and AMD agreed to pay the U.S. government 15% of its revenue from the sale of a certain chips to China. Is that legal?