Overview
- China’s new regime covers raw rare earths, processing know‑how, software and technical documentation, and restricts Chinese nationals from providing significant overseas assistance without approval.
- Licences can be required for goods made outside China if they contain Chinese rare earths or used Chinese processing technologies, in some cases triggered at as little as 0.1% of a product’s value.
- Exports to militaries are generally denied and certain semiconductor users face curbs, while Beijing expanded controlled materials and added about 14 mostly US companies to a sanctions list.
- President Trump said an additional 100% tariff on Chinese imports will take effect by November 1 and announced forthcoming export controls on critical software, after questioning his APEC meeting with Xi.
- Stocks fell on the escalation, with the Nasdaq down 3.56% and the S&P 500 off 2.7%, as European industry warned of disruptions after months of scarce export approvals and earlier production stoppages.