Overview

• President Trump and Chinese officials confirmed on Friday that the London framework has been fully validated, with the pact now formally “signed and sealed.”
• China’s Ministry of Commerce said it will fast-track export license approvals for controlled rare earth metals destined for U.S. industries.
• The White House will lift a series of non-tariff export controls on Chinese technology products as part of reciprocal concessions.
• The deal builds on a May Geneva truce that temporarily cut punitive duties and a mid-June London agreement on tariff reductions.
• The pact is set to stabilize supplies of strategic minerals crucial to electric vehicles, renewable energy projects and defense manufacturing.