Trump is rolling back Biden-era tech export controls
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Biden saw export controls as a “strategic asset” to keep the U.S. ahead of China in tech, but Trump is now scrapping that policy, signaling a major shift in high‑tech trade with Beijing. The administration informed Nvidia Corp. that its H20 AI accelerator, engineered for the Chinese market, could be sold there again in short order. AMD received the same green light from the Commerce Department, which signaled that exports of more basic AI processors to Chinese developers would now be permitted. According to Commerce Secretary Howard Lutnick, the objective is to get Chinese developers “addicted” to American technology, while still refraining from offering Beijing “our best stuff.” He maintained that this calibrated strategy safeguards America’s leadership in chip innovation without providing China with the unmatched high‑end equipment. According to Bloomberg, by adopting this approach, the United States could remain “one step ahead of what they can build so they keep buying our chips,” he said, thus ensuring that American companies retain a commanding position in global markets. This policy pivot has frustrated legislators advocating a hardline stance toward China and prompts a crucial inquiry as Trump readies for a potential summit with President Xi Jinping. How far will the U.S. go in easing security-driven trade barriers with China? Tech investor Kevin Xu, founder of Interconnected Capital and a former Obama administration official, suggested that relaxing H20 chip restrictions could lead to a broader “tech grand bargain.” He noted that everything from semiconductor fabrication tools and rare-earth minerals to battery systems, AI processors, and reciprocal market entry might feature as leverage in US‑China negotiations. Even with this recent loosening, the US has not moved to dismantle the bulk of its export restrictions, investment barriers, or sanctions. The retaliatory 145% tariffs, among the highest in modern history, were originally imposed to…
