H20s to China + 15% with Chris Miller and Lennart Heim

We’re sharing an episode from ChinaTalk that dives into one of the biggest recent reversals in U.S. tech policy. The U.S. banned Nvidia’s H20 AI chips to China in April. Now, just months later, they’re being sold—with a 15% export fee. What happened? Why the reversal? And what does it mean for the f