Nick Redman, director of analysis at Oxford Analytica, talks about China’s desire to indigenize chip production, and how it’s rooted in their belief that the US will not be a reliable partner. He also says Taiwan will engage in tougher negotiations in its attempts to maintain its “silicon shield” strategy.

Gold surges past $4,000 an ounce as uncertainty fuels rally
The price of gold has hit a record high of more than $4,000 (£2,985) an ounce as investors look for safe places to put their