Nexperia chips are vital in car production and there were concerns from manufacturers about the damage a shortage could have.

The president’s trade truce with China has lowered U.S. tariffs to a level that could pause a longer-term effort to reduce America’s dependence on Beijing.

President Donald Trump and Xi Jinping agree on soybean purchases after China shifted purchases to Brazil, a move that hurt American farmers.

But on Thursday, Mr Trump and Chinese President Xi Jinping reached an agreement. It amounts to China buying 12 million metric tons of soybeans this year, and at least 25 million metric tons over each of the next three years. That would ultimately return purchasing volume to the levels seen prior to the trade war.

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.

"China, which takes more than 60% of world soybean imports, has nearly completed booking cargoes from Brazil and Argentina through November, with limited purchases expected for December and January ahead of the Brazilian harvest.

President Lai Ching-te rejected Beijing’s latest push to get the self-governing island to come under Chinese control under a system of autonomy it uses for Hong Kong and Macau.

China has successfully launched the Shenzhou-21 spaceship to its orbiting space station. The mission, which took off late Friday, includes three astronauts and four mice.