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

Nvidia announced it has received the OK to resume selling its pared down H20 chip in China.

A backroom political deal may have just unlocked billions in frozen AI chip sales to China, with whispers linking Howard Lutnick's Washington connections to Nvidia's sudden pathway back into the world's second-largest economy.

Lutnick's former company Cantor Fitzgerald owns a controlling interest in BGC Group, which operates a weather derivatives marketplace.

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

China signaled it would approve the export of rare earth minerals in a statement Friday hours after White House officials said that the US and China had signed a trade agreement to work out tensions linked to US access to the key material.

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.