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Here's your morning brief for Tuesday, July the 15th. I'm Azha Sucri for the Wall Street Journal.

Chipmaker, Invidia, says it's received assurances from the Trump administration that it can

sell its advanced AI chips to China. The news came as NVIDIA CEO Jensen Huang was in Beijing

meeting senior officials, and just days after we reported he directly appealed

to President Trump to be able to do business in China and tap into the country's AI talent.

The administration's move marks a turnaround after the Commerce Department restricted sales of

the chip in April, costing Nvidia billions of dollars.

China's economy showed resilience in the first half of the year, even as it came under pressure from US trade tariffs,

GDP grew by 5.2% in the second quarter year over year, a slightly slower pace than the first

three months, and in line with economists' forecasts.

The figures show China is on track to hit the government's full-year target of around 5% growth.

Robust exports have been a surprising engine of growth despite President Trump's shifting tariff assault.

Meanwhile, Swedish carmaker Volvo is warning that those tariffs and launch delays would hit

the profitability of two electric models in the US, leading to a $1.2 billion one-off charge.

Volvo, which is majority owned by China's Zhugeing Ji Li has been grappling with tariff uncertainty,

...