Michael Dell echoes Trump’s style onlineIn a rare political post, Michael Dell reshared Trump’s message on X, writing “Thank you for your attention to this matter!” — a line often used by Trump himself. The post praised the former president’s “steady hand” on trade, marking a clear alignment with Trump’s current economic messaging. Trump’s softened message on ChinaTrump’s Truth Social post struck a surprisingly diplomatic note, calling Chinese President Xi “highly respected” and saying both nations “want to help each other.” The message contrasts with Trump’s earlier warnings about China’s “hostile” trade practices and new tariffs on Chinese imports set for November. Beijing tightens rare earth export controlsChina expanded its export restrictions on rare earth minerals last week, heightening global trade tensions. These materials are vital for electronics, AI chips, and defence systems, making the move a strategic one amid ongoing economic rivalry with Washington. Taiwan says chip industry safe for nowTaiwan’s Ministry of Economic Affairs said the rare earth curbs won’t disrupt semiconductor production, as most materials come from the U.S., Japan, and Europe. TSMC and other chipmakers are reportedly insulated from immediate supply shocks. Global supply chains still at riskExperts warn that China’s tightening of exports could ripple through global industries like EVs, drones, and high-tech manufacturing. Economists advise close monitoring, as extended restrictions could drive up costs and reshape sourcing strategies worldwide.
