This is just a stray thought of mine - but I feel like the US might go down a very dangerous path - I think to avoid retaliatory tariffs, US companies, such as NVIDIA might decide to create foreign subsidiaries, and license the technology to them - after all the tariffs don't apply if Europe does business with a Taiwanese subsidiary.
But this will expose them to a technology exfiltration scheme and/or hostile takeover in the vein of what happened to ARM China.
Am I reading too much into this?
They already wouldn't be subject to this tariff if they bought directly from Taiwan. Tariffs only happen when goods cross the border so unless Nvidia's logistics required them to ship into the US to get goods to Europe they shouldn't be affected by the tariffs directly.