The Nvidia H200 China deal survived the Trump-Xi summit–just not in the way anyone expected
President Trump flew to Beijing, introduced Jensen Huang alongside at the final minute, and left two days later, telling reporters that “one thing may occur” on chip exports. Nothing did. Not a single Nvidia H200 has shipped to China since Trump first authorised the gross sales in December 2025, and US Trade Representative Jamieson Greer advised Bloomberg that semiconductor…
