Overview

• China’s Ministry of Commerce issued a statement criticizing President Donald Trump’s tariff move and defending rare‑earth export controls while stopping short of announcing new duties.
• New Chinese rules require government approval for exports of any product containing more than 0.1% Chinese rare earths, covering materials and components used across technology and defense.
• Trump announced a 100% tariff on Chinese exports to the United States effective November 1 and unveiled new export controls on critical software.
• Beijing said the measures address security risks and followed recent U.S. steps, and it pledged general licenses and exemptions for compliant civilian uses to reassure foreign companies.
• Companies reported scrambling to assess exposure and warned licensing delays could halt production, and the planned Trump–Xi meeting at the APEC summit has been cast into doubt.