The Trump administration will receive 15% of the sales of Nvidia’s H20 chips and AMD’s MI308 chips, according to people familiar with the matter. The full terms of any deal weren’t clear Monday. Shares in both companies edged lower, with AMD losing 0.3% and Nvidia losing 0.4%.

As you have probably heard, they have tremendous tariffs that they're paying to the United States of America," Trump said at a news conference at the White House. "They've been dealing quite nicely," he said,

U.S. stocks ended lower on Monday, despite President Trump reportedly extending the deadline for a tariff deal with China to November, as investors awaited consumer-price index data due Tuesday. The Dow Jones Industrial Average went down 200.

The world’s largest battery maker CATL said it was suspending operations at a lithium mine in China, sending shares of other producers soaring on speculation that Beijing is moving to tackle industrial overproduction.

Chinese battery giant Contemporary Amperex Technology (300750.SZ) said on Monday it had suspended production at a major lithium mine, sparking a surge in lithium futures and miners' share prices, amid a broader crackdown on overcapacity.

China’s electric vehicle (EV) battery industry is facing a powerful shake-up. The world’s largest battery maker, CATL, has stopped production at one of its biggest lithium mines, the Jianxiawo mine, after its permit expired.