Bessent to meet China’s vice-premier in bid to solve rare earths spat

Tesla has mandated that its suppliers refrain from using parts manufactured in China for vehicles sold in the United States, according to a report by the Wall Street Journal (WSJ). This decision reflects Tesla's ongoing efforts to navigate geopolitical tensions and supply chain complexities, particularly concerning China-made components.

China's artificial intelligence (AI) models have reportedly achieved 90% of the performance levels of their U.S. counterparts while requiring only a fraction of the capital expenditure (capex). This development highlights China's advancements in AI technology and its ability to compete with the U.S. in this critical sector. The information was published on November 15, 2025, by Investing.com.

Tesla has mandated its suppliers to refrain from using parts made in China for its U.S. vehicles. This decision comes in response to the U.S. tariffs imposed on Chinese imports, prompting the electric vehicle manufacturer to expedite its strategy of eliminating China-sourced components from its production processes in the U.S.

China's upcoming growth phase is expected to significantly depend on domestic demand. As the country navigates its economic landscape, fostering internal consumption will be crucial for sustaining growth. This shift towards prioritizing domestic markets reflects a broader strategy aimed at reducing reliance on external factors and enhancing economic resilience. Analysts suggest that bolstering domestic demand could lead to a more balanced and sustainable economic model for China in the future.

In a recent interview with Xinhua, China's finance minister announced plans to strengthen the country's fiscal policy. This statement reflects the government's commitment to enhancing economic stability and growth. The finance minister's remarks come amid ongoing discussions about the need for robust fiscal measures to support the economy. The announcement is part of China's broader strategy to navigate current market challenges and ensure sustainable development.

Global markets experienced a volatile trading day following a significant tech sell-off that led to Wall Street's worst performance in a month. The FTSE 100 index in London dropped by 1.1%, closing down approximately 100 points at 9,698. Major banking stocks, including Barclays, Lloyds, and NatWest, saw declines ranging from 2.7% to 3.6%. Additionally, weak economic data from China revealed an unprecedented slump in investment, contributing to fears regarding the Chinese economy.

The Chinese government has expressed 'extreme disappointment' with Dutch Minister Vincent Karremans, who commented on the semiconductor supply chain crisis affecting the car industry. In a recent interview, Karremans described the ongoing tensions between China and the European Union as a 'wake-up call for western leaders.' This situation highlights the critical role of semiconductor supply in global industries and the geopolitical implications of trade relations.

There is currently no evidence that China is purchasing all the U.S. soybeans it committed to under the trade deal established during Trump's administration. This situation arises amid an oversupply of soybeans from South America. While the U.S. soybean market has not completely closed off, it is approaching a critical point where opportunities may diminish.