The White House said China has effectively ended additional export restrictions on rare earth metals and is halting investigations into US companies involved in the semiconductor supply chain. This was reported by Bloomberg.
Washington released details of a trade deal reached this week between US President Donald Trump and Chinese leader Xi Jinping, aimed at reducing tensions between the world’s two leading economies.
According to the agreements, China will issue general export licenses for rare earths, gallium, germanium, antimony and graphite “for the benefit of US end-users and their suppliers around the world”. This effectively means the lifting of export restrictions introduced in April 2025 and October 2022.
In response, Washington will extend the pause on some of Trump’s so-called “mirror” tariffs for another year and abandon plans to impose a 100% tariff on Chinese exports to the US, which was supposed to take effect in November.
In addition, the White House will extend the validity of certain exemptions from Section 301 tariffs – instead of November 29, 2025, they will be valid until November 10, 2026. As part of the agreement, China agreed to suspend broad restrictions on the export of rare-earth magnets in exchange for the US decision not to expand export bans against Chinese companies.
The US will also suspend for a year the implementation of new restrictions that were to significantly expand the list of Chinese companies subject to strict rules on access to American technology.
