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Tata Electronics seeks to expand iPhone manufacturing capacity as Apple aims to make all of the iPhones intended for the U.S. market in India by end-2026.

The flare-up in tensions between the U.S. and China over the weekend points to deteriorating trust between the world’s two largest economies, analysts said.

Beijing has accused the United States of damaging the atmosphere for trade talks by repeatedly tightening restrictions on Chinese exports, even as China insists its own new export control measures on rare earths are lawful and transparent.

According to the Global Times, a spokesperson for China’s Ministry of Commerce (MOFCOM) said Beijing had notified Washington in advance of the latest export control actions through established bilateral channels. “In contrast, the U.S. has long overstretched the concept of national security, abused export controls and imposed discriminatory measures against China,” the spokesperson said, adding that these moves “severely harm China’s interests and undermine the atmosphere of bilateral economic consultations.”

The ministry said China’s new rare earth and related materials controls were aimed at improving its domestic export management system and were not an outright export ban. Companies meeting compliance standards would still be able to obtain licenses.

Responding to reports that U.S. officials were unable to reach Chinese counterparts by phone after the measures were announced, MOFCOM said both sides remain in contact under the China–U.S. economic and trade consultation mechanism, and a working-level meeting took place on Monday.

Reiterating Beijing’s long-held stance on trade and tariff tensions, the ministry said: “We will fight if we must fight. Our doors are open if the U.S. wants to talk. The two countries share extensive common interests and vast cooperation potential. Cooperation benefits both, while confrontation harms both.”

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China’s strong defence of its rare earth export controls underscores mounting tension in the global technology and supply-chain landscape. While Beijing insists licenses will continue for compliant exporters, the rhetoric highlights a harder line that could unsettle commodity and manufacturing markets.

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Earlier:

• China commerce ministry urges the US to correct its wrong practices

From that linked post: The key take away here is that the two sides held talks on Monday! While tensions might be high, its not stopping some progress being made it would seem.

This article was written by Eamonn Sheridan at investinglive.com.

RBA’s September meeting minutes confirmed a steady hand on policy, with members concluding there was “no need for an immediate reduction” in the cash rate. The Board agreed that the economic data and forecasts since August supported maintaining the current level of restrictiveness, while emphasizing that decisions will remain “cautious and data dependent.” Discussions focused […]

The post RBA minutes signal caution as board flags risk of hotter Q3 inflation appeared first on Action Forex.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note near 99.25 during the early Asian session on Tuesday. The DXY holds steady as US President Donald Trump’s watered-down rhetoric against tariffs on China.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note near 99.25 during the early Asian session on Tuesday. The DXY holds steady as US President Donald Trump’s watered-down rhetoric against tariffs on China.

0845 US Eastern time/1245 GMT: Federal Reserve Vice Chair for Supervision Michelle Bowman will speak at the 2025 Institute of International Finance (IIF) Annual Membership Meeting, Washington, D.C.

1220 US Eastern time/ 1620 GMT: Federal Reserve Board Chair Jerome H. Powell gives a speech entitled “ Economic Outlook and Monetary Policy” at the National Association for Business Economics (NABE) Annual Meeting, Philadelphia, Pennsylvania.

1525 US Eastern time/ 1925 GMT: Federal Reserve Board Governor Christopher J. Waller gives a speech on payments

1530 US Eastern time/1930 GMT: Boston Federal Reserve Bank President Susan Collins speaks and participates in a moderated question-and-answer session before the Greater Boston Chamber of Commerce.

This article was written by Eamonn Sheridan at investinglive.com.