Trump brags about the revenue cut and "leverage" from selling H200s chips to China.

Leverage? More like Vladimir Lenin's rope: selling the capitalists the very tools they'll use to hang us.

I have always been skeptical of this. Those pushing for this sale from within the Trump admin tout the 25% government revenue cut from the chip sales, which protects Nvidia's bottom line. China used to be ~13% of its revenue, and strict prior bans cost billions. The second argument is about getting Beijing hooked onto the American tech stack (I don't buy it).

The Chinese have stolen IP, subsidized its champions, and built parallel ecosystems. This move just accelerates their catch-up by hundreds of percent in raw compute.

The old export controls under Biden were too loose. Middle countries such as Singapore and Malaysia served as hubs for Chinese entities to bypass US export restrictions on Nvidia GPUs. And now Trump's "fix" is to rip them wider open for quarterly earnings and a photo-op trade summit