US tariffs on Nvidia’s AI chips risk upending multilateral efforts to contain China’s growing AI ambitions, according to sources. The news came as a surprise, following a day of investment commitments from Nvidia, which President Donald Trump had previously praised. A reported dinner meeting between CEO Jensen Huang and Chinese officials had suggested the company had secured protections for its H20 chips in the country. However, it appears these assurances were short-lived, leaving markets and stakeholders scrambling to adjust their expectations.
Source: https://www.bloomberg.com/opinion/articles/2025-04-17/nvidia-s-ai-chips-don-t-belong-on-the-bargaining-table