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.
A major standoff involving Nexperia, a Dutch chipmaker owned by China's Wingtech, threatens global auto production. With export bans and national security concerns, automakers are on high alert for potential chip shortages.
