Nvidia and AMD said Trump’s new restrictions on exports of AI chips to China will cost them billions of dollars, adding to uncertainty caused by his trade war.

President Donald Trump’s administration has barred Nvidia Corp. from selling its H20 chip to China, an escalation of Washington’s tech battle with Beijing that will cost the company billions of dollars and hamstring a product line it explicitly designed to comply with previous US curbs.

The Trump administration has effectively barred Nvidia from selling its custom artificial intelligence processors to customers in China.

China expressed openness to trade talks with the US, but under certain conditions. Beijing wants the Trump administration to show more respect, including curbing disparaging remarks from officials. Additionally,

California on Wednesday filed a lawsuit seeking to block U.S. President Donald Trump's sweeping tariffs on foreign trading partners, accusing him of abusing his powers and inflicting financial harm on the state and nation.

So President Trump says that car makers might need a little bit more time. When he was asked about any potential exemptions coming in the future. He added that he's looking