Last year, China accounted for 13% of Nvidia's revenue. For the second quarter ended July 2025, many analysts did not factor in any revenue from H20 sales in that country given the US approval came late in the quarter, while China's pushback complicates forecast calculations for the year.

Here are all the tariffs, counter-tariffs, dealmaking, and deal-breaking between the world’s two biggest economies.

The US-China trade war was certainly a memorable time in modern history, with far-reaching effects felt throughout the world.