Overview

• President Trump has extended the 30 percent tariff pause on Chinese goods for another 90 days, delaying any return to triple-digit duties until November 10.
• The White House has eased export restrictions on Nvidia’s H20 AI chips and is assessing limited shipments of a pared-down Blackwell model.
• Beijing has slowed rare-earth element permits and is redirecting exports through Southeast Asia, South America and Africa to sustain its trade growth.
• US negotiators secured Chinese commitments on soybean purchases and a temporary halt to antitrust investigations into major American firms.
• Talks remain unresolved with both sides exploring further quid-pro-quo deals that would trade expanded chip exports for greater rare-earth access.