FT reported on the licensing of Nvidia by the United States for the export of chips to China

The Bureau of Industry and Security of the US Department of Commerce has issued a license to Nvidia technology company to export H20 chips to China. This was reported on August 9 by the Financial Times (FT) newspaper, citing sources.

"The Bureau of Industry and Security, a division of the Ministry of Commerce that oversees export controls, has begun issuing licenses for the H20," the publication said.

It is noted that US President Donald Trump made this decision after Executive Director Jensen Huang visited the White House.

As FT added, Nvidia developed the chip for the Chinese market after the administration of former US President Joe Biden imposed export controls on more advanced artificial intelligence (AI) chips.

Pauses have been set: will the United States postpone the resumption of the global trade war

What are the risks of Trump's tariffs for the global economy and will they affect Russia?

On August 6, Trump said that restrictions on trade with Russia could be imposed on China. He noted that Beijing is a leader in Russian oil purchases.

The next day, on August 7, the American leader announced his intention to impose duties of 100% on imports of chips and semiconductors. According to Trump, many companies are currently leaving their former locations and moving production to the United States.

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