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China Urges Firms Not to Use Nvidia H20 Chips, as Trump Extends Trade Truce | The Pulse 8/12/2025
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August 12, 2025
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47:56Now PlayingBeijing urges local companies to avoid using Nvidia's H-20 processors, complicating the chipmaker's attempts to get back billions in lost China revenue. It comes after the company agreed to an unusual arrangement with the Trump administration to give the US government a 15% cut of the related revenue.
The new guidance came just hours after President Trump signed an executive order extending the tariff truce with China for another 90 days.
EU leaders and Ukrainian President Volodymyr Zelenskiy plan to hold a call with US President Donald Trump, who is downplaying the chances of a breakthrough with Vladimir Putin at their upcoming summit.
Today's guests: Mohit Kumar, Chief Europe Economist at Jefferies, Yu Jie, Fellow at Chatham House, Aldo Spanjer, Head of Energy Strategy at BNP Paribas Markets 360.
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