Ford Motor said on Friday it has halted shipments of its SUVs, pick-up trucks and sports cars to China, as it starts to face the heat from retaliatory tariffs that have seen vehicles face taxes as high as 150%.

A US producer of rare earth metals stopped shipments to China after Beijing placed export controls on similar materials crucial for defense and technology manufacturing.

MP Materials (NYSE:MP) -3.7% in Thursday's trading after saying it stopped shipping rare earth concentrate to China in response to retaliatory tariffs and export controls. "Selling our valuable critical materials under 125% tariffs is neither commercially rational nor aligned with America's national interest,

Nvidia CEO Jensen Huang visited China on Thursday as the executive behind high-powered artificial-intelligence chips seeks to navigate the trade war between the U.S. and China.

Nvidia CEO Jensen Huang arrived in Beijing on Thursday, said Yuyuan Tantian, a social media account associated with Chinese state broadcaster CCTV. Huang arrives at a time when the United States has put new restrictions on China-bound shipments of H20 datacentre GPUs,

Nvidia CEO Jensen Huang said on Thursday that China was a very important market for Nvidia after the U.S. imposed a ban on sales of its H20 artificial intelligence chips to the country.