Overview
- According to a White House fact sheet, China will issue general licenses for exports of rare earths, gallium, germanium, antimony and graphite to serve U.S. end users, and will curb shipments of chemicals used to produce fentanyl.
- Washington will reduce certain tariffs on Chinese imports by 10% starting Nov. 10 and extend select Section 301 exclusions, with both sides pausing new trade actions for about a year.
- China will take measures to resume component exports from Nexperia’s China facilities to ease a global auto chip shortfall, though its Commerce Ministry offered more guarded public remarks on the case.
- Early implementation brought targeted relief as four Indian firms received Chinese licenses to import rare‑earth magnets, easing pressure on India’s EV and auto supply chains.
- Treasury Secretary Scott Bessent warned the deal is fragile and said the U.S. will move to de‑risk from Chinese rare earths dominance—estimated near 80–90% in refining—with tariff hikes on the table if Beijing backtracks.