The latest gross domestic product statistics came as the United States reviewed inflation data, revealing that the tariffs had direct effects on rising consumer prices, especially for household goods. Interestingly, the Trump administration has adjusted its stance on Nvidia’s A.I. chip sales to China, lifting previous restrictions and allowing purchases once again.
In another move impacting the electric vehicle sector, Beijing introduced regulations designed to limit the export of eight critical technologies used in EV battery production. This could complicate plans for Chinese automakers wishing to establish facilities outside of China, particularly under pressure from the European Union. Meanwhile, Australian Prime Minister Anthony Albanese's recent visit to China aimed to strengthen bilateral relationships, navigating the complexities of U.S. influence.
In another move impacting the electric vehicle sector, Beijing introduced regulations designed to limit the export of eight critical technologies used in EV battery production. This could complicate plans for Chinese automakers wishing to establish facilities outside of China, particularly under pressure from the European Union. Meanwhile, Australian Prime Minister Anthony Albanese's recent visit to China aimed to strengthen bilateral relationships, navigating the complexities of U.S. influence.