President Donald Trump touched on two major trade matters back-to-back on Monday, approving the sale of Nvidia chips to China and threatening Mexico with a 5% tariff over water rights.

Trump’s first announcement, made on Truth Social, concerned the sale of Nvidia’s H200 products to China and other countries, which he ultimately approved. He said he informed Chinese President Xi Jinping of the decision personally “under conditions that allow for continued strong National Security” and that Xi responded “positively!”