US President Donald Trump has reversed his administration’s stance on export controls, paving the way for a potential grand bargain with China. Just a few years ago, the Biden administration touted export controls as a key strategy to maintain US dominance in advanced technology over China. However, in a surprising move, the White House has given chipmaker Nvidia permission to resume sales of its less advanced China-focused AI accelerator.
This decision comes after similar assurances were issued to Advanced Micro Devices Inc. by the US Commerce Department. The implications of this U-turn are significant, as it could mark a shift away from strict export controls and towards a more collaborative approach with China in the tech sector.
Source: https://www.bloomberg.com/news/articles/2025-07-17/trump-s-u-turn-on-nvidia-spurs-talk-of-grand-bargain-with-china