thewinepress.substack.com By The WinePress
Two weeks after a sudden flareup over Chinese rare earth mineral exports nearly sparked another market meltdown, the issue has been resolved, at least according to the Trump admin.
According to a fact sheet published by the White House on Saturday which outlined some details of the trade pact agreed to earlier this week by President Trump and Chinese leader Xi Jinping, China will effectively suspend implementation of additional export controls on rare earth metals and will issue general licenses valid for exports of rare earths, gallium and germanium “for the benefit of U.S. end users and their suppliers around the world” meaning the effective removal of controls China imposed in April 2025 and October 2022. The US and China previously said Beijing would suspend more restrictive controls announced in October 2025 for one year.
Washington will also pause some of Trump’s so-called reciprocal tariffs on China for an additional year and is halting plans to implement a 100% tariff on Chinese exports to the US that was threatened for November. The White House also said that the US will further extend the expiration of certain Section 301 tariff exclusions, currently due to expire on Nov. 29, 2025, until Nov. 10, 2026…
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