Summary: The Biden administration’s reversal on export controls, allowing Nvidia to resume sales of AI chips to China, signals a potential shift towards a more balanced approach to US-China tech relations. This move, coupled with recent diplomatic efforts, raises questions about the extent of potential rollbacks in trade restrictions and the possibility of a “grand bargain” between the two nations. While the US aims to secure Chinese purchases and address trade deficits, China seeks the complete rollback of US tariffs and further concessions on export controls.

Link: https://www.theedgesingapore.com/news/geopolitics/trumps-u-turn-nvidia-spurs-talk-grand-bargain-china