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Trump Approves Conditional Nvidia H200 Exports to China With 25% U.S. Cut

Key details remain unresolved, leaving China’s import stance in question.

Overview

  • Shipments are limited to Commerce Department–vetted 'approved customers,' with a reported process routing chips from Taiwanese fabs to the U.S. for BIS inspection before re-export and collection of the 25% fee.
  • Top-tier Nvidia Blackwell and forthcoming Rubin chips remain excluded, and the administration says the same framework will extend to AMD and Intel.
  • Bipartisan lawmakers voiced security concerns and are pushing or considering legislation such as the SAFE CHIPS approach after a separate GAIN proposal was left out of defense policy talks.
  • Beijing’s willingness to allow H200 imports is uncertain, with reports suggesting buyers may face an approval process and noting prior guidance that discouraged purchases of Nvidia’s downgraded H20.
  • Nvidia praised the move as a balanced compromise, but the commercial impact hinges on Commerce’s final rules, congressional action, and China’s import decisions.