90-Day Tariff Pause as U.S., China Weigh Chip, Trade Deals

TaiwanPlus News

U.S. President Donald Trump has announced a 90-day delay in tariffs on China that could have reached up to 145%. He also confirmed a side deal allowing Nvidia to sell its H20 AI chips in China in exchange for paying 15% of China sales revenue to the U.S. government. Trump hinted the next-generation Blackwell chip could also be sold under certain conditions. Beijing is reportedly seeking looser U.S. export controls, especially on high-bandwidth memory (HBM) critical to AI systems, as part of broader trade talks.

Transcript

00:00With just hours to go before U.S. tariffs on China were set to take effect,

00:06U.S. President Donald Trump addressed the possibility of further talks.

00:10We've been dealing very nicely with China, as you probably have heard.

00:14They have tremendous tariffs that they're paying to the United States of America.

00:20And we'll see what happens.

00:22They've been dealing quite nicely.

00:23The relationship is very good with President Xi and myself.

00:27Later that night, the White House issued an executive order and a joint statement with

00:32Beijing, both sides agreeing to delay reciprocal tariffs for an additional 90 days as they

00:38work toward a trade deal.

00:40The deal pulls back what would have been up to 145% tariffs on China.

00:46Trump also confirmed NVIDIA CEO Jensen Huang agreed to pay 15% of NVIDIA's China chip revenues

00:53to the U.S. government for licenses to sell its H-20 AI chip in China, hinting that NVIDIA's

01:00next-generation Blackwell chips could also be sold there with conditions.

01:04I released them only from the H-20.

01:08Now, on the Blackwell, I think he's coming to see me again about that.

01:13But that will be an unenhanced version of the big one.

01:19Huang has long argued that U.S. chip makers should stay active in China, and denies Chinese

01:25concerns that NVIDIA chips allow for backdoor controls.

01:28As a technology provider, we need customers.

01:32All providers need customers.

01:34You can't be complacent about that.

01:36Beijing is reportedly pushing for looser U.S. export controls as part of trade talks, especially

01:55on high-bandwidth memory, or HBM, a key bottleneck for Chinese AI systems.

02:00With another 90 days on the clock, both sides will see what kind of chips, bargaining or

02:06otherwise, they're willing to trade to get what they want.

02:09Joseph Wu and Chris Gorin for Taiwan Plus

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