Overview
- Beijing suspended, with immediate effect through November 10, 2026, a package of October 9 export controls on rare earths, lithium‑battery materials and related technologies.
- Among the halted rules is an extraterritorial licensing requirement for foreign‑made products containing more than 0.1% Chinese materials or produced with Chinese rare‑earth technology.
- China also paused for one year an additional 24% tariff on U.S. goods and will cease extra agricultural levies from November 10, while restoring soy import licenses for three U.S. companies and lifting a timber‑purchase suspension.
- The United States announced reciprocal tariff reductions, cutting certain rates from 20% to 10%, as part of the post‑summit de‑escalation.
- In a further step, China said it will suspend until November 27, 2026, its ban on dual‑use exports of gallium, germanium and antimony to the U.S., adding to the temporary easing that has produced modest commodity price relief and small gains in EV‑related stocks.