Auto companies around the world face an imminent shortage of the rare earth minerals essential to making everything from anti-lock braking sensors to windshield wiper motors, executives have warned the Trump administration, Reuters reported.
Tag: China
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“BAD THINGS” HAPPEN IN WASHINGTON
There were quite a lot of what Donald Trump might describe as “bad things” taking place in Washington over the past week, to include the worsening of relations with China shortly after what appeared to be an agreement had been reached over tariffs.
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SHIPPERS, PORTS BRACE FOR 90-DAY RUSH AS TRUMP CUTS CHINA TARIFF
Ports and ocean freight carriers are bracing for a wave of rushed business after Donald Trump temporarily cut China’s tariff rate from 145 percent to 30 percent for 90 days.
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U.K. NOW OWNS MORE U.S. TREASURY SECURITIES THAN CHINA
In March, China continued reducing its portfolio of U.S. treasury securities, dropping it behind the U.K. as the largest foreign owner of U.S. debt.
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CHINA PLANTS ITS FLAG IN LATIN AMERICA
China is aggressively asserting its presence in Latin America, hoping to secure political friends and allies—as well as lucrative economic deals and contracts for resource development—in a region the U.S. has long viewed more as trouble than as opportunity.
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SPOTLIGHT: DEATH OF THE DOLLAR
Asset managers are converting more of their dollar-based assets into investments in Europe, the Financial Times reported.
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CHINA TECH GIANT IS BUILDING END-TO-END SUPPLY CHAIN FOR ADVANCED CHIPS
Huawei, China’s leading maker of computer chips, and two of its affiliated companies are nearing completion of three factories in Huawei’s home city of Shenzhen that will further break the country’s dependence on foreign technologies, the Financial Times was first to report.
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TRUMP ADMINISTRATION SCRAPS BAN ON EXPORTING AI CHIPS
The Trump administration has abolished a rule, slated to take effect 15 May, that banned exporting AI chips.
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ANOTHER CHINESE BREAKTHROUGH IN EV BATTERIES
CATL, the Chinese company that makes a third of the world’s batteries for electric vehicles (EVs), has announced a collection of breakthroughs that could resolve most of the concerns that keep potential car buyers from switching to electric mobility.
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SPECIAL REPORT: TRUMP’S TARIFFS, THE UPS AND DOWNS, FOR BETTER AND FOR WORSE
The U.S. has temporarily reduced its tariffs on Chinese imports from 145 percent to 30 percent and China has slashed its import fees on U.S. goods from 125 percent to 10 percent.