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Chinese carrier Juneyao Airlines is refusing to take delivery of a Boeing 787-9, which it is expected to acquire. This decision is being made due to ongoing political tensions.
The Trump administration is drafting an executive order to enable the stockpiling of deep-sea metals to counter China’s dominance in battery minerals and rare earth supply chains, the Financial Times reported on Saturday, citing people familiar with the matter.
Under the plans, the stockpile would "create large quantities ready and available on U.S. territory to be used in the future", in case of a conflict with China that might constrain imports of metals and rare earths, the report added.
China's trade surplus rose to $102.64 billion in March, down from $170.51 billion in February, beating expectations, the country's General Administration of Customs said in its report published on Monday.
Exports increased by 12.4% compared to the same month in the previous year. Meanwhile, imports dropped by 4.3% year-on-year.
Tesla’s plans to ship components from China for Cybercab and Semi electric trucks in the United States were suspended after President Donald Trump raised tariffs on Chinese goods amid a trade war, said a person with direct knowledge.
The move could disrupt Tesla (NASDAQ:TSLA)’s plan to start mass production of the much-anticipated models, which its CEO Elon Musk has been touting to investors as major innovations providing growth momentum of the U.S. automaker.
United States President Donald Trump claimed that the US is collecting record amounts in tariffs, while prices on key items are falling. Trump also stated inflation is declining, calling it part of his record of keeping campaign promises.
"The United States is taking in RECORD NUMBERS in tariffs, with the cost of almost all products going down, including gasoline, groceries, and just about everything else. Likewise, INFLATION is down. Promises Made, Promises Kept!" he wrote on Truth Social.