Talks between US President Trump and Chinese leader Xi Jinping in South Korea yielded a modest thaw, with the two agreeing to trim tariffs and pause new rare-earth export curbs. But whether Nvidia can sell its latest GPUs to China remains an open question.

Speaking to reporters on Air Force One, Trump said the US would reduce tariffs on Chinese imports by 10 percentage points to a total of about 47 percent. The cut, Trump explained, comes from the US halving its tariff on China over claims the country has been exporting fentanyl to the US, which Xi apparently promised to Trump he would work to stop. Trump previously threatened tariffs on China as high as 145 percent, but has been anything but consistent on the matter.

China also promised to pause its most recent round of restrictions on

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