President Trump announced that Nvidia can sell its H200 AI chips to approved customers in China, with the U.S. taking a 25% revenue cut. This decision follows a tentative trade agreement with Chinese President Xi Jinping, aimed at boosting American jobs and manufacturing. Nvidia and AMD previously agreed to share 15% of their revenue from chip sales in China with the U.S. government.

The Trump administration has halted its plans to restrict exports of Nvidia's H20 artificial intelligence chips to China following a dinner with CEO Jensen Huang at Mar-a-Lago. The decision comes after Nvidia pledged new U.S. investments in AI data centers, while Chinese companies have already placed significant orders for these advanced chips.

Trump's plan regarding TikTok has encountered significant hurdles due to objections from China, particularly concerning tariffs. The ongoing negotiations and geopolitical tensions are complicating the situation, making it uncertain whether a resolution can be reached that satisfies both parties.

President Trump revealed that negotiations to save TikTok were disrupted by changes in China's stance due to tariffs. A new ownership structure was being considered to comply with U.S. national security laws, but the evolving geopolitical tensions complicated the agreement.

Donald Trump has expressed interest in a deal involving TikTok that would result in the app being sold to American ownership, thereby distancing it from its Chinese parent company. This move comes amid ongoing concerns regarding national security and data privacy related to foreign-owned apps. The situation remains fluid as negotiations and political discussions continue.

President Trump claims he has a group of wealthy buyers interested in acquiring TikTok, which has faced a ban in the US due to national security concerns. The sale would require approval from the Chinese government, and Trump has delayed enforcement of a law mandating the app's sale multiple times while expressing optimism about reaching a deal.