Overview

• President Donald Trump said the extra 100% tariffs would take effect by November 1 at the latest and he also floated new limits on exports of critical software to China, while casting doubt on a planned APEC meeting with Xi Jinping.
• China’s Commerce Ministry now requires approvals to export mining, processing and magnet‑related technologies, software and services such as maintenance and upgrades, and it barred rare‑earth cooperation abroad without permission.
• Licenses for foreign products that contain Chinese rare earths or were processed using Chinese techniques are planned from December 1, extending China’s control beyond its borders.
• Beijing expanded its control list to additional elements, including holmium, erbium, thulium, europium and ytterbium, and said defense‑related exports would not be licensed, citing national security.
• European industry reports rising prices, production disruptions and a low approval rate for export applications—19 of 141 recently—prompting efforts to diversify supplies and build alternative capacity.