40 h. ago China poised to lift ban on chips exports to European carmakers after US deal

Dispute began with Dutch government takeover of Nexperia and China halting exports, threatening European car productionThe vital flow of chips from China to the car industry in Europe looks poised to resume as part of the deal struck last week between Donald Trump and his Chinese counterpart, Xi Jinping.The Netherlands has signalled that its standoff with Beijing is close to a resolution amid signs China’s ban on exports of the key car industry components is easing. Continue reading...

Economics

42 h. ago Nexperia chip exports from China have resumed, says car parts supplier

Beijing had blocked exports of vital carmaking component after row with Dutch government

Politics

48 h. ago China's exports fall 1.1% in October, hit by a 25% drop in shipments to the US

China has reported that its exports contracted in October, hit by a 25% drop in shipments to the United States

Events

8 d. ago Is a new car shortage imminent? Chip crisis that strangled production during Covid pandemic on the brink of repeat

European car producers could run out of semiconductor chips by the end of next due to ongoing Nexperia chip supply crisis. New car production could halt and used car prices shoot up.

Events

8 d. ago Nexperia halts chip supplies to China in threat to global car production

Dutch-controlled company informs customers about suspension but is said to want to de-escalate trade warNexperia, the EU-based automotive chipmaker at the centre of a geopolitical dispute, has suspended supplies to its Chinese factory, stepping up a trade war that threatens to halt production at carmakers around the world.The company wrote to customers this week informing them all supplies to a Chinese plant had been suspended. Continue reading...

Events

8 d. ago Trump calls for Senate to scrap filibuster in order to force end to month

Snap food benefits are set to run out this weekend as shutdown comes close to matching the record of 2018-2019A US Republican senator is asking President Donald Trump’s administration to help the Malaysian government prevent US artificial intelligence chips from being smuggled through the country to China, according to a letter seen by Reuters.Reuters has previously reported that US officials believe Malaysia is among a handful of countries where organized smuggling operations have worked to get US chips into China that would otherwise be banned from export to China.To support the semiconductor industry in their efforts, it may be beneficial for US and Malaysian officials to develop priority customs clearance procedures for shipments of advanced U.S. chips with anti-diversion mechanisms.These attacks and their mounting human cost are unacceptable. The US must halt such attacks and take all measures necessary to prevent the extrajudicial killing of people aboard these boats.Otherwise...

Politics

9 d. ago China's rare earth export delay offers US a chance to weaken Beijing's grip on the market

China’s promise to delay its newest restrictions on the export of the rare earths that are crucial to many high-tech products for one year as part of a trade agreement creates an opportunity for the U.S. and its allies

Politics

9 d. ago Donald Trump says rare earths dispute ‘settled’ after Xi Jinping meeting in South Korea – live updates

Summit on sidelines of Apec was the first between the leaders of US and China since 2019, and comes after tensions have been strained by Trump’s trade warIn the days leading up to the Trump-Xi meeting, American officials signalled that the US president did not intend to make good on a recent threat to impose an additional 100% import tax on Chinese goods.Also that China had shown signs it is willing to relax its export controls on rare earths as well as revive buying soybeans from the US.The relationship with China is very good.Because of the tremendous destructive power, I HATED to do it, but had no choice! Russia is second, and China is a distant third, but will be even within 5 years.Because of other countries testing programs, I have instructed the Department of War to start testing our Nuclear Weapons on an equal basis. That process will begin immediately. Continue reading...

Politics

1 week ago Donald Trump speaks after Xi Jinping meeting in South Korea – live updates

Summit on sidelines of Apec was the first between the leaders of US and China since 2019, and comes after tensions have been strained by Trump’s trade war In the days leading up to the Trump-Xi meeting, American officials signalled that the US president did not intend to make good on a recent threat to impose an additional 100% import tax on Chinese goods.Also that China had shown signs it is willing to relax its export controls on rare earths as well as revive buying soybeans from the US.The relationship with China is very good.Because of the tremendous destructive power, I HATED to do it, but had no choice! Russia is second, and China is a distant third, but will be even within 5 years.Because of other countries testing programs, I have instructed the Department of War to start testing our Nuclear Weapons on an equal basis. That process will begin immediately. Continue reading...

Politics

1 week ago Trump calls China’s Xi Jinping ‘a tough negotiator’ ahead of meeting amid escalating trade tensions and fragile global markets

High-stakes sit-down follows months of tensions and tariff threats over China’s rare earth export controls

Politics

1 week ago Donald Trump and Xi Jinping hold meeting in South Korea amid hopes for trade deal – live updates

Summit on sidelines of Apec is the first between the leaders of US and China since 2019, and comes after tensions have been strained by Trump’s trade warIn the days leading up to the Trump-Xi meeting, American officials signalled that the US president did not intend to make good on a recent threat to impose an additional 100% import tax on Chinese goods.Also that China had shown signs it is willing to relax its export controls on rare earths as well as revive buying soybeans from the US.The relationship with China is very good.Because of the tremendous destructive power, I HATED to do it, but had no choice! Russia is second, and China is a distant third, but will be even within 5 years.Because of other countries testing programs, I have instructed the Department of War to start testing our Nuclear Weapons on an equal basis. That process will begin immediately. Continue reading...

Politics

1 week ago EU carmakers ‘days away’ from halting production as chip crisis deepens

European Automobile Manufacturers’ Association say carmakers are relying on reserve stock of Nexperia chip after China’s export banCarmakers in the EU are “days away” from closing production lines, the industry has warned as a crisis over computer chip supplies from China escalates.The European Automobile Manufacturers’ Association (ACEA) issued an urgent warning on Wednesday saying its members, which include Volkswagen, Fiat, Peugeot and BMW, were now working on “reserve stocks but supplies are dwindling”. Continue reading...

Events

2 w. ago Battle between Netherlands and China over chipmaker could disrupt car factories, companies say

Volvo, VW and Nissan among companies that could face supply problems due to Dutch takeover of NexperiaCar companies across Europe and Japan including Volvo, Volkswagen, Honda and Nissan have warned that the battle between the Netherlands and China over control of the chipmaker Nexperia could hit production at factories.Last week’s decision by the Dutch government to take control of the Chinese-owned chipmaker, which is based in the Netherlands, has sent shock waves across the car industry, which is already facing potential shortages of products such as magnets amid China’s latest restrictions on rare earths exports. Continue reading...

Events

2 w. ago Volvo and VW say Dutch takeover of Chinese chipmaker could halt car factories

Japan also affected as manufacturers report Nexperia has warned them of possible supply problem Business live – latest updatesCar companies across Europe and Japan including Volvo, Honda and Nissan, have warned that the Dutch takeover of a Chinese-owned chip manufacturer could hit production at factories.Last week’s decision by the Netherlands government to take control of Nexperia has sent shock waves around the auto industry, which is already facing potential shortages in products such as magnets amid China’s latest restrictions on rare earths exports. Continue reading...

Politics

2 w. ago VW puts the brakes on production of beloved Golf amid chip shortage concerns sparked by US

The German car giant will pause the Golf assembly line on 29 October as a stand-off over chip supplier Nexperia triggered by the US-China trade fallout could have wider ramifications on outputs.

Politics

2 w. ago Trump administration considering curbs on exports to China made with US software

Plan would include everything from laptops to jet engines, to retaliate against Beijing’s latest round of rare earth export restrictionsUS politics live – latest updatesThe Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing’s latest round of rare earth export restrictions, according to a US official and three people briefed by US authorities.While the plan is not the only option on the table, it would make good on Donald Trump’s threat earlier this month to bar “critical software” exports to China by restricting global shipments of items that contain US software or were produced using US software. Continue reading...

Politics

2 w. ago Rare earths shares soar as US and China battle over export controls

Trump administration plans to set price floors, create strategic minerals reserve and take equity stakes

Events

2 w. ago To hit back at the United States in their trade war, China borrows from the US playbook

China has expanded its export rules on rare earths, requiring foreign firms to get approval for exporting products containing even small amounts of China-originated materials

Events

3 w. ago US and China begin collecting port fees on each other’s vessels amid trade war

A return to an all-out trade war appeared imminent last week, after China announced a major expansion of its rare earths export controls

Events

3 w. ago Trump says list of ‘Democrat programs’ to be released on Friday as shutdown drags into third week – live

President says programs to be cut are ‘never going to come back’ as Congress remains at an impasse on stopgap funding bill to reopen governmentJohnson says ‘I don’t have anything to negotiate’ as US shutdown drags onChina has hit back at accusations from the US that it is trying to hurt the world economy, as the trade war between the world’s two biggest economies appeared to re-escalate, amped up by aggressive rhetoric on both sides.China’s commerce ministry said on Tuesday that the US was “threatening to intimidate” with the prospect of new tariffs on Chinese exports, “which is not the right way to get along with China”. Its spokesperson said that China would “fight to the end” in trade talks. Continue reading...

Politics