The Trump administration has reportedly eased export controls on AI chips and other technology to China, according to a Financial Times report. This temporary rollback is intended to facilitate a potential meeting between President Trump and Chinese President Xi Jinping later this year, with the goal of securing a trade agreement. Sources indicate that the Commerce Department has been instructed to avoid aggressive actions against China. This decision appears driven by concerns that further restrictions could provoke retaliation from China regarding the export of rare earths and magnets, crucial resources for the US. NVIDIA previously indicated potential impacts from stricter export controls.