Overview
- China’s new regime would require licenses for exports of products with over 0.1% Chinese rare earth content and bar supply for foreign military use, with phased start dates reported for Nov. 8 and Dec. 1.
- U.S. Trade Representative Jamieson Greer called the measures a “global supply-chain power grab,” as Treasury Secretary Scott Bessent said Washington is lining up a coordinated response with G7 partners and other allies.
- President Donald Trump has threatened to impose 100% tariffs on Chinese goods as soon as Nov. 1, though neither side has implemented its most escalatory options and a rolling tariff truce could be extended if China delays enforcement.
- The administration is preparing additional tools including potential export controls, strategic stockpiles and price floors, and possible equity stakes in critical firms such as rare-earth and semiconductor companies.
- Beijing accused the U.S. of stoking panic, defended the curbs as national-security measures, and signaled openness to talks, while both sides continue planning for a potential Trump–Xi meeting at the APEC summit in South Korea.