Nvidia is caught in the middle of an escalating trade war between the world’s two largest economies. Nvidia on Tuesday said it will take a $5.5 billion financial hit after Washington placed fresh restrictions on the export of its H20 artificial intelligence chips to China,

China's first quarter economic growth data is due as a tit-for-tat trade war with US President Donald Trump escalates Chinese imports to the US now face 145% levies, compared to 125% for US goods entering China China,

President Trump released a new statement on China saying that the country needs to come to the U.S. to make a trade deal to lower the tariffs the U.S. has levied against China, because the country needs U.

The economy grew steadily from January through March, but U.S. tariffs pose a risk for China in the coming weeks and months.