Overview
- After their Busan meeting, both sides announced a limited package: China will resume purchases of U.S. soybeans and the United States is cutting fentanyl‑related tariffs to 10 percent while other surcharges remain.
- Beijing is suspending its October 9 rare‑earth export controls for about one year, though the scope and interaction with existing restrictions remain unclear.
- In his first public remarks after the talks, Xi Jinping told APEC leaders supply chains should be kept stable and “lengthened, not broken.”
- Washington is also pulling back some measures aimed at Chinese firms suspected of helping sanctioned entities evade U.S. export rules, even as officials emphasize diversification of critical inputs.
- German industry groups and EU legislators called the pause a positive signal rather than a breakthrough and pressed for reduced dependence following disruptions such as the Nexperia case; separately, China’s defense minister warned the U.S. to be cautious on Taiwan as President Trump said Beijing would help work on ending the Ukraine war.