China is positioned to attract global talent as Trump’s policies weaken American competitiveness, some lawmakers say.

The report comes about six months after Trump returned to the White House and began taking drastic measures that his administration says will improve government efficiency and protect U.S. interests, triggering condemnation from Democrats that the moves could amount to ceding global influence to China.

Democrats on the Senate Foreign Relations Committee accused the Trump administration of “ceding global leadership to China,” citing the trade war and a retreat from international engagement through cuts to foreign aid and media agencies.

Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street.

Nvidia's CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used for artificial intelligence to China.

The administration said Nvidia would be allowed to sell the H20 chip after licenses are granted by the Commerce Department, according to the company. Nvidia said it would resume deliveries soon of the chip, which was designed for Chinese customers and has been a top seller in the country since 2024.

US President Donald Trump’s latest threat of 100% tariffs on Russia would risk complicating relations with two nations crucial to his economic and strategic goals: China and India.