Overview

• Chinese Commerce Ministry spokeswoman He Yongqian accused the United States of deliberately stirring alarm by mischaracterizing Beijing’s rare-earth export measures.
• China has announced expanded export controls requiring permits for shipments of 12 of 17 key rare-earth metals, with phased implementation beginning in November and December.
• President Donald Trump threatened additional 100 percent tariffs on Chinese imports starting November 1 and tighter rules on software exports to China.
• Beijing warned it could take countermeasures after U.S. officials framed the controls as a bid for leverage, with Trade Representative Jamieson Greer calling them a grab for supply-chain power.
• U.S. Finance Minister Scott Bessent urged partners to de-risk supply chains and said Trump is expected to meet Xi Jinping at the late-October APEC summit in South Korea, with a possible session involving Premier He Lifeng.