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.

California Gov. Gavin Newsom said Wednesday that his state will file a lawsuit challenging President Donald Trump's authority to impose sweeping tariffs that have set off a global trade war. The suit will argue that Trump's use of the International Emergency Economic Powers Act to impose tariffs on Mexico,

President Donald Trump‘s administration has hiked tariffs on Chinese imports to the U.S. by up to 245%, as per a fact sheet released by the White House on Apr. 15. Trump signed an executive order launching an investigation into the national security risks posed by American reliance on imported critical minerals and their derivatives.