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Economy United States · China

US-China trade truce and rare earths

Both governments say the trade truce runs to January 10, 2027. China says it has extended its pause on export controls aimed at the US, including on rare earths, for two months from November 10.

Confidence: medium. Truce extension confirmed by both sides; the legal status of China's rare-earth controls after Nov 10 is unclear. · Updated 11 Nov 2026, 2pm ET

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What's happening

After the 2025 tariff war, the US and China agreed a one-year truce in late October 2025. Under it, China paused new rare-earth export controls and the US kept tariffs lower. In September 2026, both sides extended the truce by two months to January 10, 2027. China's commerce ministry statement did not explicitly mention rare earths, so it is unclear whether those controls resume after November 10. Trump is expected to meet Xi Jinping at the APEC summit in Shenzhen on November 18-19.

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Key figures

25M tonnes a yearUS soybeans China committed to buy each year, 2026-2028, at minimum (White House fact sheet)White House · source

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