
Top Republican on House China panel questions reversal of Nvidia chip curbs
In a letter to Commerce Secretary Howard Lutnick on Friday, the congressman raised concerns about the reversal on Nvidia's H20 chips, suggesting it could boost China's AI capabilities.
'The H20, which is a cost-effective and powerful AI inference chip, far surpasses China's indigenous capability and would therefore provide a substantial increase to China's AI development,' Moolenaar wrote.
Nvidia announced Monday that the chipmaker is filing out applications to sell its H20 chips again after receiving assurances from the Trump administration that its licenses would be granted.
The chipmaker revealed earlier this year that the U.S. government was implementing new licensing requirements that would limit its ability to sell the chips in China. The reversal came shortly after Nvidia CEO Jensen Huang met with President Trump.
Lutnick suggested the Trump administration opted to ease the restrictions as part of a broader rare earth deal with China, underscoring that Beijing is only getting Nvidia's 'fourth best' chip.
However, Moolenaar argued the key issue is how the H20 chip compares to those being developed in China and proposed the Commerce Department peg its export controls to a 'slight technical improvement' on China's current capabilities.
'As the Trump administration has repeatedly stated, the U.S. must ensure that American rather than Chinese tech companies build the global AI infrastructure,' he added. 'At the same time, however, we must also ensure that the world does not adopt Chinese AI models trained on U.S. technology.'
'Approving the sale of large volumes of H20s could give China the computer power it needs to develop powerful AI models that are open to users free of charge as DeepSeek has done with R1,' Moolenaar continued. 'As China has done in so many other industries, this is a deliberate strategy to capture market share and become the global standard.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
U.S., EU reach historic trade deal
U.S., EU reach historic trade deal originally appeared on TheStreet. The U.S. and the European Union reached a historic trade deal on July 27. President Donald Trump said the EU is going to purchase energy worth $750 billion and military equipment worth hundreds of billions of dollars from the U.S. The EU has also agreed to invest $600 billion in the U.S. Tariffs for automobiles and everything else will be 15%, he added and continued that the EU has agreed to open up their countries at "zero tariff." "That basically concludes a deal." European Commission President Ursula von der Leyen said the EU agreed to 15% "across the board" tariffs and said the trade deal with the U.S. will bring stability. Bitcoin reflected a rebound following the announcement of the historical trade deal and was trading at $119,063.02 at the time of writing. China, US to reportedly extend tariff pause by 90 more days Earlier also, Bitcoin witnessed a similar but sharper rebound — from around $118,500 to around $119,500 before it retreated to around $118,900 — following the news report by the South China Morning Post that the U.S. and China are expected to extend their tariff truce by another 90 days when both superpowers meet to resume trade talks in Stockholm on July tariff war has led to an enormous impact on the crypto markets so far. When the president hiked tariffs on Apr. 2, the total crypto market cap dipped from $2.74 trillion to $2.42 trillion on Apr. 8. Next, when he paused tariffs for all countries for 90 days on Apr. 9, China remained the main exception as the U.S.'s tariff hikes against it continued. Nonetheless, the market sighed a breath of relief and began quickly recovering to reach $2.71 trillion on Apr. 12. As trade talks between the two countries took place, they agreed to remove most high tariffs imposed since Apr. 2, but the deadline of this pause is set to expire on August 12. The total crypto market cap stood at $3.94 trillion at the time of writing. Meanwhile, Bitcoin hit a record high of $123,091.61 on July 14 as uncertainty around the tariffs continued — reflecting the king coin's resilience. U.S., EU reach historic trade deal first appeared on TheStreet on Jul 27, 2025 This story was originally reported by TheStreet on Jul 27, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Axios
6 minutes ago
- Axios
GOP leans into Trump administration's Obama accusations
Some Republican lawmakers on Sunday platformed the administration's recent claims that Obama-era officials waged a Russia-related conspiracy against President Trump — but stopped short of endorsing the president's allegations of "treason." The big picture: Trump is again bemoaning a years-long grudge against the widely held conclusion that Russia interfered in the 2016 election, following new accusations from Director of National Intelligence Tulsi Gabbard of a " treasonous conspiracy" from former President Barack Obama to sabotage Trump's first term. The initial accusations centered around findings from the Obama-era intelligence community that Russia didn't alter vote tallies by hacking election infrastructure. But as Axios' Zachary Basu and Tal Axelrod note, no serious investigation ever claimed Russia changed them. Last week, Gabbard declassified a report from 2020 that she alleges proves the Obama administration "conspired to subvert the will of the American people" and engaged in a "years-long coup against" Trump. In a rare rebuke, a spokesperson for Obama slammed the administration's claims as "a weak attempt at distraction." Driving the news: Sen. Lindsey Graham (R-S.C.) called for an investigation into the matter Sunday on NBC's "Meet the Press." "If there is evidence of a crime being committed or suspected evidence of a crime being committed, create a special counsel to look at it," he said. "I think that's the best way to go." Asked by NBC's Kristen Welker whether the new controversy was an attempt to distract from the ongoing fallout from the administration's handling of the Jeffrey Epstein case, Graham argued he was trying to shed light on "something we didn't know before." The other side: Rep. Jason Crow (D-Colo.), a member of the House Intelligence Committee, slammed Gabbard as a "weapon of mass distraction" on "Fox News Sunday," arguing there was "no new information" released. "It's new to you, but all of this information has been available to the House Intelligence Committee, including in 2017, 2018, 2019, 2020, when all these investigations and reviews were done under the first Trump administration," Crow said, later adding that no information had been "purposefully hidden." In 2020, a Republican-led Senate panel affirmed the intelligence committee's conclusion that Russia meddled in the election and preferred Trump over Hillary Clinton. Zoom in: But Rep. Rick Crawford (R-Ark.), the chair of the House Intel Committee, slammed what he called the "Russia collusion hoax" in a "Fox News Sunday" interview, describing it as "a fraud perpetrated on the American people at the expense of President Trump." But "with regard to the claims of treason, I'll leave that to the courts to make that determination," he noted. The bottom line: As Trump launches fresh attacks against his predecessors, questions about his administration's handling of the disgraced financier's case are still rippling through Washington. The competing narratives of the ongoing Epstein fallout, over which the president has cried "hoax," and the reinvigorated anger over the Russia investigation are in many ways both rooted in Trump's vision of a "witch hunt" that's plagued his political career, Axios' Basu notes. Trump quickly seized on the Obama storyline, sharing a seemingly AI-generated video of the former president being arrested earlier this month, and more recently, an edited photo of himself pursuing Obama in a car chase.


Boston Globe
6 minutes ago
- Boston Globe
It's a year of rapid change, except when it comes to Trump's approval numbers, AP-NORC polling finds
Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Advertisement But even those shifts are within a relatively narrow range, which is typical for Trump. Advertisement Those long-term trends underscore that Trump has many steadfast opponents. But loyal supporters also help explain why views of the president are hard to change even as he pursues policies that most Americans do not support, using an approach that many find abrasive. Trump has not had a traditional honeymoon period in his second term. He did not in his first, either. The recent slippage on immigration is particularly significant because that issue was a major strength for Trump in the 2024 election. Earlier in his second term, it was also one of the few areas where he was outperforming his overall approval. In March, about half of US adults approved of his handling of immigration. But the July AP-NORC poll found his approval on immigration at 43 percent, in line with his overall approval rating. Other recent polls show growing discontent with Trump's approach to immigration. Advertisement 'I understand wanting to get rid of illegal immigrants, but the way that's being done is very aggressive,' said Donovan Baldwin, 18, of Asheboro, N.C., who did not vote in the 2024 election. 'And that's why people are protesting because it comes off as aggression. It's not right.' Ratings of Trump's handling of the economy, which were more positive during his first term, have been persistently negative in his second term. The July poll found that few Americans think Trump's policies have benefited them so far. Even if he is not a fan of everything Trump has done so far, Brian Nichols, 58, of Albuquerque, is giving him the benefit of the doubt. Nichols, who voted for Trump in 2024, likes what he is seeing from the president overall, though he has his concerns both on style and substance, particularly Trump's social media presence and his on-again, off-again tariffs. Nichols also does not like the push to eliminate federal agencies such as the Education Department. Despite his occasional disagreements with Trump, though, Nichols said he wants to give the president space to do his job, and he trusts the House and Senate, now run by Republicans, to act as a safeguard. 'We put him into office for a reason, and we should be trusting that he's doing the job for the best of America,' Nichols said. Trump has spent the past six months pushing far-reaching and often unpopular policies. Earlier this year, Americans were bracing themselves for higher prices as a result of his approach to tariffs. The July poll found that most people think Trump's tax and spending bill will benefit the wealthy, while few think it will pay dividends for the middle class or people like them. Advertisement Discomfort with individual policies may not translate into wholesale changes in views of Trump, though. Those have largely been constant through years of turmoil, with his favorability rating staying within a 10-percentage-point range through the COVID-19 pandemic, a felony conviction, and attempted assassination. To some of his supporters, the benefits of his presidency far outweigh the costs. Kim Schultz, 62, of Springhill, Fla., said she is thrilled with just about everything Trump is doing as president, particularly his aggressive moves to deport anyone living in the country illegally. Even if Trump's tariffs eventually take effect and push prices up, she said she will not be alarmed. 'I've always had the opinion that if the tariffs are going to cost me a little bit more here and there, I don't have a problem with that,' she said. Across the country, Hildenbrand dislikes Trump's personality and his penchant for insults, including those directed at foreign leaders. But he thinks Trump is making things happen. 'More or less, to me, he's showing that he's on the right track,' he said. 'I'm not in favor of Trump's personality, but I am in favor of what he's getting done.'