Reid Hoffman Says Tariffs, Spending Cuts Could Hurt US AI Lead

Reid Hoffman, the LinkedIn co-founder and venture capitalist, said the Trump administration’s tariffs and federal spending cuts could hurt America’s competitiveness in artificial intelligence and give China the upper hand.

Tariffs are “in fact helping China across its entire industry,” Hoffman said on Friday in an interview with Bloomberg Television. For example, if Europe sees the country as a more “stable trading partner” for manufacturing and technology, “it creates better global markets for China and worse for the US,” he said.

A high-profile supporter of former Vice President Kamala Harris’presidential campaign, Hoffman clashed with ...