特朗普对华设下双重陷阱，中国企业的举动，彻底打碎了美国算盘

Core Viewpoint - The recent announcement by Trump allowing the export of H200 chips to China is seen as a deceptive move, as it comes with stringent conditions that effectively serve as a "technology tax" [1][3]. Group 1: Export Conditions and Implications - The export of H200 chips is not a straightforward commercial release but is tied to a requirement that 25% of sales revenue be paid as a "technology tax" to the U.S. government [1][3]. - This additional cost will likely be passed on to Chinese customers, resulting in a significant increase in chip prices, which could ultimately fuel the development of advanced technologies in the U.S. [3][5]. Group 2: U.S. Trade Policies and Strategic Intent - The U.S. Trade Representative's office plans to impose additional tariffs on semiconductor products from China starting June 2027, targeting the mature process technology sector [5][9]. - A report indicated that China could account for nearly half of the global new capacity for mature process chips in the next three to five years, which the U.S. views as a national security threat [5][7]. Group 3: China's Response and Market Dynamics - The Chinese Ministry of Commerce criticized the U.S. for its double standards and pointed out that the timing of the tariff announcement is strategically placed after a pause in U.S.-China trade tensions [7][9]. - Chinese companies are shifting their strategy towards domestic AI chip production, with a 40% year-on-year increase in orders for local AI chips, which are now capturing 35% of the domestic data center market [9][11]. Group 4: Strategic Choices and Future Outlook - The current market dynamics reflect a strategic choice by Chinese companies to reduce dependency on foreign chips, despite the temporary challenges this may pose [9][11]. - The external pressures from U.S. policies have accelerated internal consensus and the formation of a self-sufficient ecosystem within China's semiconductor industry [11].