The United States made the right call this month when it approved Nvidia’s exports of its H200 artificial intelligence chips to China under targeted certification of meeting domestic demand. Here is another example of President Trump’s clear understanding of how America actually wins in the global economy: through strategic dealmaking and negotiations. The president is positioning U.S. tech companies to compete and win worldwide. As usual, Washington is reflexively working to tie their hands.

This week, Washington insiders proposed the AI Overwatch Act, a piece of legislation that would pose bureaucratic hurdles to export controls with a chip licensure requirement and process. By slowing down the decision-making process on new chip exports, the legislation undermines America’s progress toward global AI dominance.

With AI technology rapidly developing, these efforts are less about true national security than about control: who gets to decide the future of the most important technology of the 21st century. Chip manufacturing is an issue where decisive executive leadership — not micromanagement — is essential to American strength.

Over the past several years, Washington has lurched from one........

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