Overview
- White House officials said China will issue general export licenses for rare earths, gallium, germanium, antimony and graphite benefiting U.S. end users and their suppliers.
- Beijing will take steps to curb fentanyl‑precursor shipments and to restore legacy chip shipments from Nexperia’s China facilities, according to the U.S. fact sheet.
- Treasury Secretary Scott Bessent called China an unreliable partner, warned tariffs could rise if Beijing backtracks, and emphasized a drive to de‑risk rather than decouple.
- India confirmed Chinese licenses for four companies — Continental India, DE Diamond, Hitachi and Jay Ushin — to import rare‑earth magnets under strict end‑use conditions.
- India is preparing to nearly triple incentives for domestic magnet manufacturing to over ₹70 billion ($788 million), with the proposal awaiting cabinet approval.