Overview
- The United States suspended the BIS “Affiliates Rule” for one year effective November 10, 2025, with automatic reinstatement slated for November 10, 2026.
- China will suspend its October 9, 2025 rare‑earth export measures for a year and ease license reviews for gallium, germanium, antimony and graphite, though Chinese statements do not match U.S. claims of broad general licenses.
- Washington cut the fentanyl‑related tariff on Chinese imports from 20% to 10% and extended certain Section 301 exclusions to November 10, 2026, while Beijing ended extra duties on a wide set of U.S. farm goods but kept a 10% general retaliatory tariff and suspended the remaining 24% surcharge for one year.
- Beijing committed to buy at least 12 million metric tons of U.S. soybeans in the final two months of 2025 and at least 25 MMT annually in 2026–2028, and it moved to resume purchases of sorghum and hardwood logs.
- China removed 15 U.S. entities from export‑control designations and suspended measures against 16 others, allowed Nexperia’s China facilities to resume legacy chip exports, and both sides suspended port fees on each other’s ships.