President Donald Trump’s return to the White House in January kicked off a rollercoaster year for manufacturers, retailers and other U.S. industries dependent on goods from abroad.

Price-sensitive consumers are still prioritizing and saving for spending on family and loved ones during holiday season, retail analysts say.

Tesla shipped 61,497 vehicles from its Shanghai plant in October, down almost 10% from a year earlier, according to preliminary data from China’s Passenger Car Association.

The standoff has prompted automakers and suppliers to slow production over concerns about shortages of Nexperia components, including transistors and logic chips.

Beyond hunkering down in firefighting mode, it’s just as important that companies take a longer view of things.

The U.S. said Beijing will take steps to allow the Chinese facilities of Dutch chipmaker Nexperia BV to resume shipments, easing worries about chip shipments that threatened auto production.

In effect, the U.S. has now accepted a negotiating link between its own curbs on high-tech exports, like AI chips, and China’s rare earth controls.

Automakers have been quietly absorbing billions in tariff costs, but consumers could soon face a wave of price hikes on new cars and more.

Volkswagen estimates that Trump administration tariffs will cost the company more than $5.7 billion by the end of the year.

General Motors Co. CEO Mary Barra told investors the chip constraints “have the potential to impact production.”