NEWS: Elon Musk⁩ already secured a White House email address as part of the Executive Office of the President, source tells me. As head of DOGE, he is now also likely to have an office in the West Wing, NYT reported earlier. w/ ⁦Skylar Woodhouse⁩ bloomberg.com/news/articles/…

Asked whether he will restrict more Nvidia chips going to China, Trump tells reporters: "I can't say what's going to happen. But eventually we're going to put tariffs on chips." He talked from the Oval Office right after his first meeting w/ Nvidia CEO Jensen Huang.

News— Treasury Secretary Scott Bessent is set to travel to Ukraine this week as part of initial discussions to secure US access to critical minerals, sources tell Natalia Drozdiak, Jenny Leonard and me.

Our scoop this morning

NEWS— President Trump’s envoy to the Middle East, Steve Witkoff, plans to visit Moscow for a meeting with President Putin, people familiar tell me and Jenny Leonard.

UAE’s Sheikh Tahnoon is having dinner with President Donald J. Trump at the WH tonight, annmarie hordern reports. The meeting comes as the country is seeking to sway the Trump admin to get easier access to Nvidia AI chips. The UAE has spent lots of $ to become a regional powerhouse for AI development.

NEW: Jenny Leonard & I wrote about the tech giants & foreign leaders trying to shape Trump’s global chip strategy, as the US nears a compliance deadline for trade rules that could redefine tech statecraft Trump team is far from a consensus on how to proceed🧵 bloomberg.com/news/articles/…

Another day before you get all the deets. Jenny Leonard bloomberg.com/news/articles/…

New: A possible US-UAE chip deal could see the Gulf nation purchase more than a million advanced Nvidia processors 20% would be for G42, which has drawn scrutiny in DC over China ties. Rest for US firms building capacity in UAE Jenny Leonard Ben Bartenstein bloomberg.com/news/articles/…

NEW: Trump officials including David Sacks say this week's spate of AI chip deals in the Gulf boosts US natsec & economic interests Other senior admin officials strongly disagree Jenny Leonard & I have details on the talks, based on around a dozen interviews bloomberg.com/news/articles/…

Sacks on Trump admin rifts over natsec implications of Gulf AI chip deals: "Does China wish it had made these deals? Yes of course it does. But President Trump got there first and beat them to the punch" Jenny Leonard & my story here, updated w his comments: bloomberg.com/news/articles/…

TSMC has discussed building an advanced fab in the UAE w officials in the Trump admin — specifically Steve Witkoff — as well as MGX, a major investment vehicle in the Gulf nation Talks began under Biden, died down, & picked back up under Trump Jenny Leonard bloomberg.com/news/articles/…

New: BlackRock halted its search for investors to back a multibillion-dollar Ukraine recovery fund earlier this year after Trump's return saw the US sour on Kyiv. The fund was originally meant to be unveiled next week at the Ukraine recovery conference in Rome. With Jenny Leonard

Trump has dialed down his confrontational tone with China in an effort to secure a trade deal & a meeting with Xi, according to people familiar with internal deliberations: bloomberg.com/news/articles/… Jenny Leonard

🚨 New coal mine coming to Tennessee: "The process was sped up through new environmental review procedures... after President Donald J. Trump declared a National Emergency earlier this year." "The company is expected to produce up to 1.8 MILLION tons of coal over the next 10 years."

NEWS: As Stockholm talks between the US and China are set to begin within the hour, the Trump team is debating not allowing Taiwan’s president to transit the US next week — out of fear it could derail trade talks and his potential meeting with Xi Jinping. bloomberg.com/news/articles/…

Update: The trip is off. President Lai’s office says in a statement: “considering the recovery from the recent southern typhoon, reciprocal tariffs with the United States, and regional situations, the President has no plans for overseas visits in the near future.”

After two days of talks in Stockholm that ended without the announcement of a new truce, I asked United States Trade Representative what the biggest concession is China’s made in trade talks so far. “Well, I would say they blocked all of their rare earth magnets, and now we're getting them,” he said.

USTR Greer didn’t hide his annoyance with China’s chokehold on rare earths and made it clear to his counterpart today. “We don't ever want to talk about magnets again,” he said. “We just want to have the magnets flowing as they're supposed to be flowing.” bloomberg.com/news/articles/…

News: United States Trade Representative Greer will join Treasury Secretary Scott Bessent for China talks in Madrid next week, per US official. Treasury said earlier they will discuss “key national security, economic, and trade issues of mutual interest, including TikTok and cooperating on money laundering networks.”