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As of late October 2025, General Motors announced a $1.6 billion charge linked to scaling back its electric vehicle (EV) production due to slower-than-expected demand following the expiration of U.S. federal EV tax credits. While global EV sales hit a record 2.1 million in September, driven by China, Europe, and the U.S., GM and other Western automakers face challenges competing with China's aggressive, subsidized EV market and shifting U.S. policies.
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The US and China have agreed on a one-year trade truce during a summit in South Korea, involving tariffs, agricultural purchases, and critical mineral exports. The deal aims to de-escalate tensions, though key issues like technology and AI remain unaddressed. The agreement is seen as a cautious step forward amid ongoing disputes.
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In interviews following a recent summit with Xi Jinping, Trump claimed Taiwan was not discussed with China and expressed confidence that China would not take military action on Taiwan during his presidency. He also highlighted ongoing US-China trade negotiations and military communication efforts, amid tensions over Taiwan's status.
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As of early December 2025, South Korea is progressing with plans to develop nuclear-powered submarines, backed by U.S. approval for fuel access. This move aims to counter North Korea's growing military threats, including drone and missile expansions. Meanwhile, South Korea's new president seeks dialogue with North Korea amid ongoing border tensions and military provocations.