China has retaliated against the Silicon Tax with a new approval system for buying American semiconductors.

Here's what you need to know:

- China will require companies to submit a formal argument explaining why domestic chips aren't sufficient before buying American semiconductors.

- This is a state-controlled permission system, not a tariff.

- The timeline of events is:

- Dec 8: Trump announced a 25% levy on semiconductor exports to China.

- Dec 9: Beijing began drafting buyer restrictions.

- This mirrors the H20 fiasco, with:

- Zero sales

- Zero Treasury revenue

- Months of blocked demand

- Nvidia made $12B from China in fiscal 2024, but this revenue is now locked behind the approval process.

- The semiconductor logic has flipped:

- Washington thought it could sell old tech at premium prices and keep China dependent.

- Beijing responded by turning that dependency into leverage.

- The outcome will shape the decade:

- Either Trump reverses course and returns to containment.#WriteToEarnUpgrade #USJobsData #BinanceBlockchainWeek #PerpDEXRace