`Exclude<Exclude<T, null>, undefined>` is not assignable to `Exclude<T, null | undefined>` and vice versa

TypeScript Version: Nightly

Search Terms:
typescript nullness inference

Expected behavior:
They should be assignable to each other.

Actual behavior:
They are not considered assignable to each other.

Type 'Exclude<Exclude<T, null>, undefined>' is not assignable to type 'Exclude<T, null | undefined>'.
  Type 'Exclude<T, null>' is not assignable to type 'Exclude<T, null | undefined>'.
    Type 'T' is not assignable to type 'Exclude<T, null | undefined>'.(2322)

and

Type 'Exclude<T, null | undefined>' is not assignable to type 'Exclude<Exclude<T, null>, undefined>'.
  Type 'T' is not assignable to type 'Exclude<Exclude<T, null>, undefined>'.(2322)

Related Issues:
N/A

Code

export function f<T>(v: Exclude<Exclude<T, null>, undefined>) {
    const w: Exclude<T, null | undefined> = v;
}

export function g<T>(v: Exclude<T, null | undefined>) {
    const w: Exclude<Exclude<T, null>, undefined> = v;
}

export function f(v) {
    const w = v;
}
export function g(v) {
    const w = v;
}

{
  "compilerOptions": {
    "noImplicitAny": true,
    "strictNullChecks": true,
    "strictFunctionTypes": true,
    "strictPropertyInitialization": true,
    "strictBindCallApply": true,
    "noImplicitThis": true,
    "noImplicitReturns": true,
    "useDefineForClassFields": false,
    "alwaysStrict": true,
    "allowUnreachableCode": false,
    "allowUnusedLabels": false,
    "downlevelIteration": false,
    "noEmitHelpers": false,
    "noLib": false,
    "noStrictGenericChecks": false,
    "noUnusedLocals": false,
    "noUnusedParameters": false,
    "esModuleInterop": true,
    "preserveConstEnums": false,
    "removeComments": false,
    "skipLibCheck": false,
    "checkJs": false,
    "allowJs": false,
    "declaration": true,
    "experimentalDecorators": false,
    "emitDecoratorMetadata": false,
    "target": "ES2017",
    "module": "ESNext"
  }
}

Playground Link: Provided

Comienza con el enlace proporcionado a Playground y las funciones genéricas f y g bajo las opciones estrictas del compilador indicadas. Traza cómo el compilador comprueba los dos tipos Exclude anidados y, a continuación, verifica que ambas asignaciones se aceptan sin los errores TS2322 indicados, conservando la salida emitida que se muestra.