China’s Concessions to US in Recent Trade Agreement

China has recently agreed to suspend additional export controls on rare earth metals and investigations targeting US companies in the semiconductor supply chain. This decision follows an amicable trade pact between President Donald Trump and Chinese leader Xi Jinping, designed to alleviate tensions. General licenses will now permit the export of rare earths, gallium, germanium, antimony, and graphite, effectively removing prior strict controls implemented in 2025 and 2022. The summit between the two leaders aimed to stabilize relations after a prolonged trade dispute that had global ramifications. One of the major benefits is the pause on reciprocal tariffs, with plans…