(Washington, 2nd) The White House announced that China will effectively suspend new export control measures on rare earth metals and terminate investigations into U.S. semiconductor supply chain companies.
According to Bloomberg, the White House issued a fact sheet on Saturday (November 1) detailing some aspects of the trade agreement reached earlier this week by U.S. President Trump and Chinese President Xi Jinping. The agreement aims to ease tensions between the world’s two largest economies.
Under the agreement, China will grant general licenses for the export of rare earths, gallium, germanium, antimony, and graphite, "to benefit U.S. end users and their global suppliers." The White House stated that this means export control measures that China implemented in April 2025 and October 2022 will be effectively canceled. Previously, both the U.S. and China had said that Beijing would suspend stricter controls announced for October 2025 for a year.
On the U.S. side, Washington will further extend the suspension of some so-called reciprocal tariffs imposed by Trump on China for another year, and halt the planned 100% tariff increase on Chinese imports originally scheduled for November. The White House also said the U.S. will further extend the validity of certain Section 301 tariff exemptions, which were originally set to expire on November 29, 2025, now extended to November 10, 2026.
Under the agreement, China will grant general licenses for the export of rare earths, gallium, germanium, antimony, and graphite, "to benefit U.S. end users and their global suppliers." The White House stated that this means export control measures that China implemented in April 2025 and October 2022 will be effectively canceled. Previously, both the U.S. and China had said that Beijing would suspend stricter controls announced for October 2025 for a year.
On the U.S. side, Washington will further extend the suspension of some so-called reciprocal tariffs imposed by Trump on China for another year, and halt the planned 100% tariff increase on Chinese imports originally scheduled for November. The White House also said the U.S. will further extend the validity of certain Section 301 tariff exemptions, which were originally set to expire on November 29, 2025, now extended to November 10, 2026.