In a landmark agreement, China will lift its export ban on automotive computer chips, crucial for car production worldwide. This trade deal with the US also includes soybean and rare earth minerals, signaling a major de-escalation in the trade war.
Donald Trump defends his upcoming 25% tariffs on foreign-made vehicles, asserting they will boost American car sales. However, analysts warn of potential shutdowns and price hikes. Will this lead to a trade war?