Commerce Secretary Howard Lutnick explained the Trump administration's turnabout in assuring Nvidia that it [can sell its H20 artificial-intelligence chip](

U.S. Commerce Secretary said Nvidia's plans to start selling its H20 chips are tied to ongoing trade discussions with China regarding REEs.

Some administration officials worry China could get access to advanced Nvidia chips and are holding up efforts to iron out the agreement.

The U.S. has agreed to let Nvidia sell its advanced H20 computer chips to China just days after President Donald Trump met with the company’s chief executive, his “friend” Jensen Huang. The decision,

According to Nvidia’s latest annual report, China contributed $17 billion in revenue in the fiscal year ending January 26—about 13% of the company’s total sales. The potential return to the Chinese market is seen as vital to Nvidia's global dominance, especially as domestic players like Huawei aggressively court local developers.

US Commerce chief Howard Lutnick says the countries with goods being taxed at these rates would be in Africa and the Caribbean.