China to 'effectively eliminate' rare earth curbs, end probes of U.S. firms - White House

 China will "effectively eliminate" all existing and proposed rare earth and critical mineral export controls and will end investigations into U.S. chipmakers and other major companies, the Trump administration said on Saturday. 

The White House released a fact sheet outlining the details of a deal reached between President Donald Trump and Chinese leader Xi Jinping earlier this week. The meeting aimed to defuse relations between the world's two largest economies, which had soured since China's announcement of expansive new export curbs on rare earths last month.

"China will suspend the global implementation of the expansive new export controls on rare earths and related measures that it announced on October 9, 2025," the White House said. 

"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 general license means the de facto removal of controls China imposed in April 2025 and October 2022," the fact sheet added.

Other details of the deal include China stopping the shipment of certain designated chemicals to North America to stem the flow of fentanyl to the U.S., and the suspension of all retaliatory tariffs imposed since March 4.

Furthermore, China has committed to buying at least 12M metric tons of U.S. soybeans in November and December and at least 25M metric tons of soybeans in each of the next three years. 

Additionally, China will halt its various antitrust, anti-monopoly, and anti-dumping investigations of U.S. firms in the semiconductor supply chain. 

Looking at U.S. actions, the White House said tariffs on Chinese imports imposed to curb fentanyl flows will be lowered by 10 percentage points of the cumulative rate, effective November 10.

The U.S. will also "maintain its suspension of heightened reciprocal tariffs on Chinese imports until November 10, 2026. (The current 10% reciprocal tariff will remain in effect during this suspension period.)"

The deal struck between Trump and Beijing played its part in lifting Wall Street's sentiment this week, along with strong big tech earnings and a Federal Reserve interest rate cut. Here are some exchange-traded funds that track the benchmark S&P 500 index (SP500): (SPY), (VOO), (IVV), (RSP), (SSO), (UPRO), (SH), (SDS), and (SPXU). 

Here are some China-linked ETFs: (KWEB), (PGJ), (CQQQ), (FXI), (GXC), (MCHI), (FLCH), (CNYA), (ASHR), and (YINN).

And here are some ETFs linked to rare earths and critical minerals: (REMX), (BATT), and (SETM).

https://www.msn.com/en-us/money/markets/china-to-effectively-eliminate-rare-earth-curbs-end-probes-of-u-s-firms-white-house/ar-AA1PDov4