China poised to lift ban on chips exports to European carmakers after US deal

Dispute began with Dutch government takeover of Nexperia and China halting exports, threatening car productionThe vital flow of chips from China to the car industry in Europe looks poised to resume as part of the deal struck last week between Donald Trump and his Chinese counterpart, Xi Jinping.The Netherlands has signalled that its standoff with Beijing is close to a resolution amid signs Chinas ban on exports of the key car industry components is easing.