Beijing | November 9, 2025
In a major gesture signalling easing tensions, China has suspended export restrictions on several critical minerals to the United States, including gallium, germanium, antimony, and lithium battery materials. The rollback follows the October 30 meeting between President Donald Trump and President Xi Jinping in Busan, South Korea, where both leaders agreed to a framework for renewed trade cooperation.
The suspended curbs had previously targeted rare earth elements and advanced processing technologies, with some restrictions dating back to December 2024. These materials are essential for semiconductors, electric vehicles, and defence applications, making the move a significant step toward stabilising global supply chains.
The agreement also includes:
• A one-year renewable deal allowing China to maintain rare-earth exports.
• U.S. tariff cuts on Chinese imports, reducing rates from 57% to 47%.
• Chinese commitments to curb exports of fentanyl precursors and open its market to American soybeans.
The White House hailed the deal as a “massive victory” for U.S. economic and national security interests, while Beijing emphasised its intent to foster “mutual respect and pragmatic cooperation.”
This development marks a turning point after months of escalating trade tensions and could pave the way for broader negotiations on technology access and strategic materials.
(Source – Business Standard)
—Agencies
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