The White House said China will also issue general licences for exports of rare earths, gallium, germanium, antimony and graphite for the benefit of US end users and their suppliers.
The White House said that amounted to “the de facto removal of controls China imposed in April 2025 and October 2022”.
China also agreed to suspend all retaliatory tariffs it has announced since Mar 4, including duties on US chicken, wheat, corn, cotton, sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products, the White House said.
It said Beijing would also suspend or remove all retaliatory non-tariff countermeasures taken against the US since Mar 4, such as listing certain American companies on the Chinese government’s end-user and unreliable entity lists.
TRUMP ADMINISTRATION’S EXPORT CONTROLS PAUSED
The US agreed to a one-year pause on an expanded Commerce Department blacklist of companies prohibited from buying US technology goods, including semiconductor manufacturing equipment, a move aimed at averting the use of subsidiaries and other firms to skirt export controls.
The expanded blacklist would have automatically included firms more than 50 per cent owned by companies already on the list and would have had the biggest impact on Chinese companies, banning US exports to thousands more Chinese firms.
CHINA COMMITS TO SOYBEAN PURCHASES
China agreed to buy at least 12 million metric tons of US soybeans in the last two months of 2025, as well as at least 25 million metric tons of US soybeans in each of the following three years, the White House said.
China also agreed to resume purchases of US sorghum and hardwood logs, the White House said.
https://www.channelnewsasia.com/east-asia/trump-xi-summit-busan-tariffs-export-controls-fentanyl-soybeans-5436071
