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 article discusses the clash between President Trump and the Ontario government's use of Ronald Reagan's pro-free trade message in a recent advertisement. In response to the ad, Trump announced a 10% tariff increase on Canada, highlighting the stark contrast between Reagan's free-trade principles and Trump's protectionist stance.