Despite disagreements over trade policies with China, the U.S. and the Netherlands have signed the European nation to the Pax Silica initiative of countries looking to reduce reliance on China for key raw materials and manufacturing expertise in the AI industry, as reported by Reuters. With the Netherlands playing host to the key supply chain company, ASML, Europe's largest tech company, and the most advanced manufacturing of cutting-edge photolithography machines for semiconductor fabrication, this is a big strategic win for the U.S.-led initiative.

Dutch ​Trade Minister Sjoerd Sjoerdsma travelled to Washington this week to sign the deal, meeting with U.S. Commerce Secretary Howard Lutnick and fellow lawmakers as part of ongoing negotiations around trade in high-tech chips and hardware, particularly with China.