LATEST: The US and China make progress on multiple fronts, from TikTok to the suspension of some export controls and tariffs.Follow our live blog for more ⤵️ https://t.co/B7xMk3PATg ...

China paused plans for a dramatic expansion of its rare-earths export controls, offering relief to global buyers after a tumultuous year and handing major economies more time to tackle Beijing’s grip on the industry https://t.co/kWf3sAoACc ...

#要闻 中国商务部：美方将取消针对中国商品加征的10%所谓“芬太尼关税”，对中国商品加征的24%对等关税将继续暂停一年。中方将相应调整针对美方上述关税的反制措施。双方同意继续延长部分关税排除措施。美方将暂停实施其9月29日公布的出口管制50%穿透性规则一年。中方将暂停实施10月9日公布的相关出口管制等措施一年，并将研究细化具体方案。美方将暂停实施其对华海事、物流和造船业301调查措施一年。美方暂停实施相关措施后，中方也将相应暂停实施针对美方的反制措施一年。双方还就芬太尼禁毒合作、扩大农产品贸易、相关企业个案处理等问题达成共识。双方进一步确认了马德里经贸磋商成果，美方在投资等领域作出积极承诺，中方将与美方妥善解决TikTok相关问题。外汇交易员 (@myfxtrader):特朗普：这是一份为期一年的协议，到期可能会延长。对华关税将从57%下调47%。明年4月将会访问中国，之后习近平再访问美国。我将与习近平在乌克兰问题上合作，争取有所作为。 ...

French President Emmanuel Macron told European Union leaders to consider using the bloc’s most powerful trade tool against China if they aren’t able to find a resolution to Beijing’s planned export controls on critical raw materials https://t.co/uQxDAD1Yzs ...

Trade Restrictions - The Trump administration is considering restricting exports to China of software-driven products, ranging from laptops to jet engines [1] - The restrictions aim to retaliate against Beijing's latest round of rare earth export controls [1] - The plan intends to prohibit exports of "critical software" or goods produced using US software to China [1]

It was incredibly aggressive. It was totally disproportional to anything that uh the US, the EU or Canada or anybody did because remember these are global measures that the Chinese have put in place to purport to control the movement or export of any item containing certain rare earth from one country to another, right. Even if China is not uh you know one of the parties uh in the agreement.So in Geneva we had an agreement where they would limit their rare earth export controls. they'd keep their retaliator ...

Trade Policy - The EU is exploring trade measures to respond to China's planned export controls on critical raw materials [1] - This action is considered if diplomatic solutions with Beijing are unsuccessful [1]

China convened an unusually large meeting with foreign businesses in an effort to reassure them its new export controls aren’t meant to restrict normal trade https://t.co/DBxiZ1t8Zz ...

Industry Dynamics - The world is waking up to the fragility of the rare earth supply chain, which has developed over the last 30 years and become geopolitical leverage [2] - China's non-market driven behavior necessitates market incentives for the private sector to strengthen the supply chain outside of China [8] - The future demand for permanent magnets is expected to grow significantly with the advent of physical AI and robotics [14] USA Rare Earth Strategy - USA Rare Earth aims to strengthen the supply chain outside of China by integrating mining, processing, and magnet manufacturing [2][4][5] - The company is acquiring Less Common Metals, a UK-based maker of samarium cobalt magnets, to gain expertise and scale production [6][7] - USA Rare Earth is prioritizing support to the US defense sector with the assets it controls [16] - The company is well-capitalized and debt-free, focusing on bringing the whole sector forward [9] Production and Expansion - Magnet making will begin soon, following a "magnet to mine" strategy [11] - The company is developing short-term, medium-term, and long-term strategies to bring all assets to scale [10] - Auto manufacturers and others are expected to agree on building demand signals for rare earth elements outside of China through offtake commitments [13][14] Government Support - The private sector is seeking government support in the form of offtake agreements and permitting to accelerate development [9]

Geopolitical & Economic Concerns - The US government aims to help China, but will not tolerate economic coercion that slows the global economy; such actions will hurt China the most [1] - The US and its allies will not be commanded or controlled by China's command and control economy [2] - China's export controls are unacceptable to the entire world [2] - China cannot be trusted with the global supply chain [4] - China is fueling Russia's war, highlighting the risk of dependence on China for rare earths and other goods [5] Trade & Tariffs - The US is currently in a 90-day roll on tariffs [5] - A longer role in return for a delay is possible, subject to negotiations before the leaders meet in Korea [6] Supply Chain Issues - Some US auto companies reported a slowdown in magnets, which the Chinese attributed to a holiday [3] - The slowdown in magnets is a clear sign to US allies that collaboration is essential [4]