China to ease chip export ban in new trade deal, White House says
NOV 3 - China will begin easing an export ban on automotive computer chips vital to production of cars across the world as part of a trade deal struck Kenya breaking news | Kenya news today |..
✨ Key Highlights
The White House announced that China will ease its export ban on automotive computer chips, a key component of a new trade deal struck between US President Donald Trump and Chinese President Xi Jinping.
- The deal also includes agreements on US soybean exports, rare earth minerals, and materials used in the production of the drug fentanyl.
- China committed to buying 12 million tonnes of US soybeans in the last two months of 2025, and 25 million metric tonnes annually for the following three years.
- The agreement de-escalates a trade war, with China pausing export controls on rare earth minerals for a year and the US lowering tariffs on fentanyl-related imports.
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Trump Administration Faces Tariff Lawsuit, Issues Pardon, and Strikes Trade Deal with China - November 2025
The Trump administration is facing a legal challenge at the US Supreme Court regarding the legality of its tariffs, with small businesses and states contending the tariffs are illegal. The challengers are demanding refunds for billions of dollars collected. Separately, the White House announced that China will ease its export ban on automotive computer chips. This measure is a key component of a new trade deal struck between US President Donald Trump and Chinese President Xi Jinping. In another matter, former US President Donald Trump pardoned crypto billionaire Changpeng Zhao last month, but later claimed in a CBS News’ 60 Minutes interview that he does not know him.
