Overview
- Beijing will issue general licenses for exports of rare earths as well as gallium, germanium, antimony and graphite to benefit U.S. end users and their suppliers.
- China will halt shipments of designated fentanyl precursors to North America and tighten controls on other related chemicals worldwide, according to the White House.
- The accord includes steps to resume exports from Nexperia’s China facilities to ease shortages of critical legacy semiconductors for automakers.
- The summary reflects an agreement endorsed by President Donald Trump and Xi Jinping in South Korea that the administration says implements a one‑year de‑escalation.
- Treasury Secretary Scott Bessent says the pact could be signed as soon as this week, while critics warn the deal’s durability depends on enforcement and follow‑through.