Global manufacturers have raised the alarm on China’s decision to curb exports of rare earths alloys, mixtures and magnets.

The move underscores China’s dominance of the critical mineral industry and is seen as leverage by China in its trade war with Donald Trump.

Global automakers joined their U.S. counterparts to complain that restrictions by China on exports of rare earth alloys, mixtures and magnets could cause production delays and outages without a quick solution.

China on Thursday accused the United States of “abusing export control measures” and urged Washington to correct its practices after the U.S. issued guidance warning companies not to use Huawei’s Ascend AI chips.

U.S. retailers including Walmart and several clothing brands are racing to secure China-made merchandise for the busy summer shopping season starting in late May after Washington and Beijing agreed to temporarily slash tariffs.

Nissan’s new chief executive Ivan Espinosa faces an uphill task turning around the troubled Japanese automaker with no guarantee it can reverse sliding top-line sales, analysts said, even as he moves to slash costs.

Results from Walmart , a bellwether for the U.S. retail industry, will offer proof on Thursday why the Arkansas behemoth is best placed to navigate the uncertainty from the Trump administration’s tariffs.

A tariff truce has brought hope that Halloween orders will return, but uncertainty still exists.

U.S. President Donald Trump’s tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.

China’s car sales in April rose for a third month, up 14.8% from a year earlier, as government-subsidised auto trade-ins mitigated the impact of U.S. tariffs on consumer sentiment.