Beijing is stacking up its bargaining chips ahead of expected U.S.-China talks when Presidents Donald Trump and Xi Jinping visit South Korea's Gyeongju, announcing new export controls to tighten its grip over high-tech manufacturing supply chains.

Finland will provide four new icebreakers to America under a $6.1 billion agreement as the U.S. seeks to strengthen Arctic defense against Russia and China.

Trump also threatened a "massive" tariff increase, after China tightened its rules for exports of rare earths.

China has launched an antitrust investigation into U.S. semiconductor manufacturer Qualcomm over its acquisition of Israel's Autotalks, China's market regulator said on Friday.

China’s new export controls over parts of the battery supply chain are the latest sign Beijing is willing to leverage its dominance over an industry vital to the energy transition.

What Happened in Markets Today Trade tensions between the U.S. and China exploded back into the open. On Thursday China announced new, wide-ranging export controls on rare earths, which are vital components for high-tech manufacturing.

China's real estate market is on track to drop more than previously expected this year due to the lack of government support, S&P Global Ratings said.

Advanced artificial intelligence chipmakers Nvidia Corp. and Advanced Micro Devices Inc. would have to ensure US companies get priority access to their products before China under legislation the Senate passed,