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.