Donald Trump negotiated with Nvidia and AMD to allow sales of H20 chips to China, reducing an initial export cut from 20% to 15%. The H20 chips, deemed obsolete, raised security concerns in China over their potential tracking and deactivation. Legal experts have questioned the constitutionality of the proposed deal, particularly regarding the possibility of it being seen as an unconstitutional export tax. Historical legal precedent exists against taxes on exports, complicating the negotiations.
President Donald Trump negotiated a reduction in the desired export cut from 20% to 15% for Nvidia's sales of the H20 chip to China, which is considered obsolete.
The Cyberspace Administration of China raised security concerns regarding Nvidia's H20 chips, suggesting they could be tracked and deactivated remotely, leading to discussions between the two parties.
Legal experts are questioning the constitutionality of the proposed deal, particularly focusing on whether it constitutes an unconstitutional export tax under the U.S. Constitution's export clause.
Erik Jensen noted that historically, the Supreme Court has struck down attempts to impose taxes on exports, indicating significant legal precedent that may challenge this deal.
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