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Trump teased Monday there is a “deal” with China to keep TikTok running in the U.S. past the deadline for ByteDance to divest from the app.

Trump rules out Blackwells, China hawks exhale

China hawks scored a rare win after President Donald Trump momentarily dropped the idea of allowing Nvidia to sell some of its most advanced artificial intelligence chips to China.

Trump told reporters on Air Force One this morning that he didn’t talk about exporting Nvidia’s Blackwell chips to China in his conversation with Chinese President Xi Jinping. It’s a 180-degree shift for Trump, who, a day earlier, said he would discuss Nvidia’s chip with Xi, which boosted the company’s stock ahead of the meeting.

Sen. Jim Banks (R-Ind.) is relieved.

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Punchbowl News Presents

Our new weekly show, Fly Out Day, brings you inside the most consequential decisions shaping Congress with the people at the center of the story. From Hill leadership to Washington’s most-plugged in reporters, join us straight from our townhouse each Thursday evening. Watch the latest episode now.