USTR Greer signals no softening on export controls for chips
As seen on the 24/7 Wall St. homepage on November 12, 2026.
The top US trade negotiator is signaling no softening on chip curbs while Washington drafts a new semiconductor export framework, which keeps China revenue at risk for Nvidia and everyone downstream of it.
USTR GREER: EXPORT CONTROLS ARE IMPORTANT TO US -CNBC
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US Trade Representative Jamieson Greer told CNBC on November 12 that export controls remain important to the United States, a pointed signal that the Biden-era framework restricting advanced semiconductor shipments is not heading for a rollback under the current administration.
The comment landed while Washington is working on a revised semiconductor export framework, meaning Greer's language carries direct policy weight rather than being a routine restatement of existing rules.
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For companies that derive significant revenue from Chinese customers, the message is that the ceiling on that business is staying in place. Nvidia and the broader supply chain downstream of advanced chip manufacturing are the most exposed names to watch.
Investors who were pricing in any near-term easing of chip curbs as a trade negotiating chip got a clear counter-signal from the administration's top trade official.