International Business and TradePolicy

Trade Truce Extension Proposed Amid China EV Safety Scrutiny and Tech Updates

Key financial figures are reportedly pushing for extended trade agreements between major economies as safety concerns emerge in China’s electric vehicle market. Meanwhile, technology giants continue advancing their product lines with latest chip innovations.

Trade Diplomacy Developments

Financial strategist Scott Bessent has reportedly proposed extending the Beijing-Washington trade truce, according to sources familiar with the matter. The proposal suggests a longer tariff pause if China delays plans to tighten control over critical rare earth minerals. This comes as G-7 finance chiefs are said to be considering a joint response to potential supply restrictions.

Assistive TechnologyBusiness

Apple’s iPhone 17 Series Boosts China Shipments Amid Sluggish Smartphone Market

Apple’s smartphone shipments in China grew 0.6% year-over-year to 10.8 million units in the third quarter, according to IDC data. The iPhone 17’s value-for-money positioning reportedly helped Apple achieve slight growth while competitors declined in China’s challenging smartphone market.

Apple Defies China Smartphone Market Slump with iPhone 17 Success

Apple’s smartphone shipments in China showed resilience in the third quarter, growing 0.6% from a year earlier to 10.8 million units despite overall market weakness, according to data from research firm International Data Corporation. The company secured the second-highest shipment tally during the period, capturing a 15.8% market share in the world’s largest smartphone market.