Tariffs, Free Trade, Export Controls, H20 & Rare Earth Ban | BG2 w/ Bill Gurley & Brad Gerstner

Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week they revisit arguments about free trade, and discuss updates on tariff negotiations, export controls, the new AI cold war, NVIDIA H20 chip ban, rare earth ban, DeepSeek, Tesla, & more. Enjoy another episode of BG2!

Timestamps:
(00:00) Intro
(02:15) Complex Systems
(06:00) Tariff Negotiations & Free Trade
(23:19) Export Controls: AI War, H20 & Rare Earth Ban
(42:29) New AI Cold War & Zero Sum Game
(52:37) $TSLA & Market Check

Show Notes:
Financial Times - US rare earth champion faces trade war test after tariffs halt China sales (ft.com/content/0ef4a333-245b-4f42-a026-e72dcd9…)
CNBC - U.S. chip controls will benefit China’s Nvidia rivals like Huawei: Analysts (cnbc.com/2025/04/21/us-chip-controls-boon-for-…)
Project Syndicate - Trump’s $16 Trillion Trade Blind Spot (project-syndicate.org/commentary/trump-tariff-…)
NYTimes - I Just Saw the Future. It Was Not in America (Thomas L. Friedman) (nytimes.com/2025/04/02/opinion/trump-tariffs-c…)
Ezra Klein Podcast feat. Thomas Friedman (open.spotify.com/episode/1twkfDIGF8gzn64gqAQCCN)
John Mearsheimer and Jeffrey Sachs | All-In Summit 2024 (youtube.com/watch?v=uvFtyDy_Bt0)
Reuters - China hits back at US tariffs with export controls on key rare earths (reuters.com/world/china-hits-back-us-tariffs-w…)
NYTimes - Nvidia Says U.S. Will Restrict Sales of More of Its A.I. Chips to China (nytimes.com/2025/04/15/technology/nvidia-h20-c…)

Produced by Benny Beausoleil
Music by Yung Spielberg

Available on Apple, Spotify, bg2pod.com

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Brad Gerstner @altcap (x.com/altcap)
Bill Gurley @bgurley (x.com/bgurley⁠)
BG2 Pod @bg2pod (x.com/BG2Pod⁠)