Overview

• China on Oct. 9 tightened export controls on rare earths and related technology, requiring permits for products using Chinese inputs in a market where it supplies about 70% of global output.
• Beijing announced targeted reprisals that include an antitrust probe into Qualcomm and extra fees for U.S. ships calling at Chinese ports.
• President Trump announced a 100% additional tariff on Chinese imports to begin Nov. 1 and hinted at broader export restrictions on key software and possibly Boeing aircraft parts.
• U.S. Trade Representative Greer said the administration will review options in the coming days and warned of decisive action if no progress emerges.
• Summit plans remain in flux as APEC nears, with Trump offering mixed signals about meeting Xi while publicly seeking to reassure that relations will be fine.