Under the deal, China will issue general licenses valid for exports of rare earths, gallium, germanium, antimony and graphite “for the benefit of U.S. end users and their suppliers around the world,” the White House said, meaning the effective removal of controls China imposed in April 2025 and October 2022. The landmark summit between Trump and Xi, their first face-to-face meeting of the US president’s second term, saw the leaders stabilize relations in the short term after an escalating trade fight that had roiled markets and sparked fears of a global downturn. And despite addressing some key issues — and with both sides winning key concessions — the agreement fails to comprehensively address all of the issues at the heart of the US-China trade fight and other geopolitical flashpoints such as Taiwan and Russia’s war in Ukraine.
Author: Hadriana Lowenkron, Bloomberg
Published at: 2025-11-01 21:50:15
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