Nvidia and AMD said Trump’s new restrictions on exports of AI chips to China will cost them billions of dollars, adding to uncertainty caused by his trade war.

President Donald Trump’s administration has barred Nvidia Corp. from selling its H20 chip to China, an escalation of Washington’s tech battle with Beijing that will cost the company billions of dollars and hamstring a product line it explicitly designed to comply with previous US curbs.

The Trump administration has effectively barred Nvidia from selling its custom artificial intelligence processors to customers in China.

Nvidia is caught in the middle of an escalating trade war between the world’s two largest economies. Nvidia on Tuesday said it will take a $5.5 billion financial hit after Washington placed fresh restrictions on the export of its H20 artificial intelligence chips to China,

China will next week convene an informal United Nations Security Council meeting to accuse the United States of bullying and "casting a shadow over the global efforts for peace and development" by weaponizing tariffs.

With travel warnings and revoked visas, the two superpowers locked in a bruising trade war may make students and tourists their bargaining chips.

China has appointed a new trade negotiator in the midst of its tariff fight with the United States as the world’s two largest economies steadily increase tariffs on each other’s goods.

President Trump released a new statement on China saying that the country needs to come to the U.S. to make a trade deal to lower the tariffs the U.S. has levied against China, because the country needs U.