The U.S. government has recently assured chip maker Nvidia Corp. that licenses for sales of its advanced H20 GPU to Chinese firms would be granted.

Mexico accounts for roughly 70% of tomatoes sold in the U.S., up from the 30% share Mexico had 20 years ago.

Thailand could also amend existing regulations to allow left-hand drive vehicles from the U.S., and eliminate taxes on goods already included in free-trade agreements with other countries.

The companies plan to start converting to LFP cell production by the end of 2025, and commence commercial production sometime in late 2027. 

China's exports to the U.S. also fell by 16%, although that was a marked improvement over the 34.5% dip recorded in May, when companies had largely paused orders out of China altogether.

The EU is meanwhile preparing to step up engagement with countries hit by Trump’s tariffs, following a slew of new threats to the bloc and other U.S. trading partners.

On May 30, the U.S. Supreme Court granted temporary approval for the Trump administration to revoke a program known as “humanitarian parole."

The start of the Ukraine-Russia war in 2022 was followed by runaway food inflation and a severe strain on farmers.

Ferrero said the deal would expand its presence in North America and help the company move beyond its candy and snack offerings.

The rapidly rising war-risk rates, which had come from lower levels during a lull in attacks in recent months.