Bloomberg Daybreak: US Edition China Urges Firms Not to Use Nvidia H20 Chips; Trump Extends China Truce for 90 Days
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Aug 12, 2025 China is urging local firms to steer clear of Nvidia's H20 chips, complicating the tech giant's recovery efforts in a crucial market. Meanwhile, President Trump has extended a truce on tariffs with China for another 90 days, aiming to stabilize trade relations. The podcast also highlights Trump's upcoming meeting with Putin, downplaying expectations while addressing ongoing tensions in Ukraine. Additionally, there are discussions on broader economic implications and the competitive landscape in the chip technology sector.
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China Discourages Use Of Nvidia H20
- Chinese regulators are urging firms not to use NVIDIA's H20 chip, especially for government work.
- That complicates NVIDIA's efforts to regain China revenue and raises geopolitical risk in AI supply chains.
Tariff Truce Extended 90 Days
- The US and China extended their 90-day tariff pause until Nov.10, preserving the current trade status quo.
- Wendy Cutler warns negotiators face many outstanding issues and little time to reach solutions.
Trump Moves To Federalize D.C. Policing
- President Trump declared a public safety emergency in Washington, D.C., and named Pam Bondi to lead the MPD.
- He also threatened federal interventions in other cities if local leaders don't crack down on crime.