{
  "id": "us-china-trade-truce",
  "title": "US-China trade truce and rare earths",
  "category": "economy",
  "countries": [
    {
      "iso3": "USA",
      "name": "United States"
    },
    {
      "iso3": "CHN",
      "name": "China"
    }
  ],
  "status": "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.",
  "summary": [
    "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."
  ],
  "why_it_matters": null,
  "changed_recently": [
    {
      "text": "On Nov 9, China's commerce ministry said it will keep suspending export-control measures on 16 US entities for two more months from Nov 10 (CGTN, Chinese state media), and The National reported that China extended its pause on rare-earth export curbs for two months. We haven't yet linked the ministry's published notice. China's goods trade surplus passed $1 trillion for the year by October (CNBC). US lawmakers are pushing tougher export controls on China in the defence bill (South China Morning Post).",
      "sources": []
    }
  ],
  "key_numbers": [
    {
      "label": "US soybeans China committed to buy each year, 2026-2028, at minimum (White House fact sheet)",
      "value": "25M tonnes a year",
      "who_says": "White House",
      "as_of": null,
      "source_url": "https://www.whitehouse.gov/fact-sheets/2025/11/fact-sheet-president-donald-j-trump-strikes-deal-on-economic-and-trade-relations-with-china/"
    }
  ],
  "expert_views": [],
  "confidence": {
    "level": "medium",
    "reason": "Truce extension confirmed by both sides; the legal status of China's rare-earth controls after Nov 10 is unclear."
  },
  "sources": [
    {
      "outlet": "CGTN",
      "outlet_country": "China",
      "date": "2026-11-09",
      "url": "https://news.cgtn.com/news/2026-11-09/China-extends-export-control-suspension-on-16-US-entities-for-2-months-1RVQ6tiFai4/p.html?UTM_Source=cgtn&UTM_Medium=rss&UTM_Campaign=World"
    },
    {
      "outlet": "The National",
      "outlet_country": "UAE",
      "date": "2026-11-09",
      "url": "https://www.thenationalnews.com/news/us/2026/11/09/china-extends-pause-on-rare-earth-export-curbs-for-two-months/"
    },
    {
      "outlet": "CNBC",
      "outlet_country": "United States",
      "date": "2026-11-10",
      "url": "https://www.cnbc.com/2026/11/10/china-trade-october-exports-imports-surplus-.html"
    },
    {
      "outlet": "CNBC",
      "outlet_country": "United States",
      "date": "2026-09-23",
      "url": "https://www.cnbc.com/2026/09/24/us-china-trade-truce-bessent-trump-xi.html"
    },
    {
      "outlet": "RAWMATERIALS.net",
      "outlet_country": "unclear",
      "date": "2026-09-28",
      "url": "https://rawmaterials.net/rare-earth-export-controls-china-confirms-extension-of-trade-arrangements-with-u-s/"
    },
    {
      "outlet": "Asia Times",
      "outlet_country": "Hong Kong",
      "date": "2026-11-05",
      "url": "https://asiatimes.com/2026/11/trumps-midterm-loss-may-harden-china-policy-on-taiwan-chips"
    },
    {
      "outlet": "Reuters (via Internazionale)",
      "outlet_country": "Italy",
      "date": "2026-11-05",
      "url": "https://www.internazionale.it/ultime-notizie-reuters/2026/11/05/china-says-us-farm-purchases-hinge-on-tariff-cut-deal"
    }
  ],
  "updated": "2026-11-11",
  "page": "https://verorbis.com/e/us-china-trade-truce/",
  "interactive": "https://verorbis.com/#e-us-china-trade-truce",
  "license": {
    "text": "Summaries and curation: CC BY 4.0. Cite \"Verorbis\" and link to https://verorbis.com/e/us-china-trade-truce/.",
    "third_party": "Numbers from third parties keep their own licenses and credit lines.",
    "credits": [
      "UCDP Candidate Events Dataset (CC BY 4.0), Uppsala Conflict Data Program",
      "UNHCR Refugee Population Statistics Database (CC BY 4.0)",
      "World Bank World Development Indicators (CC BY 4.0)",
      "V-Dem via Our World in Data (CC BY-SA 4.0)",
      "Harvard Growth Lab, Atlas of Economic Complexity (CC0)",
      "GDELT Project",
      "U.S. Energy Information Administration and Federal Reserve, via FRED",
      "European Central Bank reference rates; US Treasury daily par yield curve; Federal Reserve Bank of New York (EFFR)"
    ]
  }
}