Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Tech Industry Relieved as U.S.-China Agreement Temporarily Halts Rare Earth Export Restrictions

Tech Industry Relieved as U.S.-China Agreement Temporarily Halts Rare Earth Export Restrictions

Bitget-RWA2025/10/30 07:46
By:Bitget-RWA

- U.S. and China agree to a one-year trade framework suspending key tariffs and rare earth export controls to ease tensions. - The deal avoids a 100% U.S. tariff on Chinese goods and delays China's rare earth restrictions critical to tech and defense sectors. - China resumes soybean purchases, benefiting U.S. farmers, while U.S. reduces fentanyl-related tariffs from 20% to 10%. - Success hinges on China's enforcement of rare earth policies and U.S. adherence to export controls, per analysts.

Officials have revealed that the United States and China have come to a tentative trade agreement aimed at preventing further tariff hikes and regulatory disputes, with both nations consenting to halt major actions for the next year. This arrangement, made public prior to a summit between President Donald Trump and Chinese President Xi Jinping during the APEC gathering in South Korea, involves the U.S. dropping its proposed 100% tariff on Chinese imports, while China postpones restrictions on rare earth exports vital to the global technology and defense industries, according to

. Treasury Secretary Scott Bessent characterized the negotiations as "highly productive," highlighting that the pact is expected to bring stability to supply chains and alleviate economic strain on American agricultural producers and manufacturers, .

A major aspect of the agreement is China’s decision to put on hold its planned rare earth export curbs, which had raised concerns among U.S. sectors dependent on these minerals for electric vehicles, chips, and defense hardware. In return, the U.S. will not implement the 100% tariff that was scheduled for November 1. China’s suspension of rare earth controls will extend for one year as it reassesses its policy, immediately benefiting companies such as

and , . Furthermore, China has agreed to restart purchases of American soybeans, marking a significant victory for farmers in the Midwest who lost substantial business during the trade conflict. The American Soybean Association stated that China’s renewed buying could provide a much-needed boost to U.S. agriculture, as reported by Vocofm.

Tech Industry Relieved as U.S.-China Agreement Temporarily Halts Rare Earth Export Restrictions image 0

The agreement also tackles the fentanyl issue, with Trump announcing a reduction in U.S. tariffs on Chinese products associated with fentanyl production from 20% to 10%. This step comes after Xi pledged that China would step up efforts to prevent the export of chemicals used in illegal fentanyl manufacturing. "They are going to make a strong effort to halt the flow," Trump said aboard Air Force One following the summit, describing the talks as "an incredible meeting,"

. This change is part of a broader initiative to balance trade policy with public health concerns, though analysts warn that the real test will be how effectively China enforces these controls, according to .

The timing of the agreement is notable, coming just before the November 10 expiration of the current trade truce and ahead of the APEC summit. Although Beijing has yet to officially confirm the Trump-Xi meeting, insiders suggest both governments are working toward finalizing the deal during the summit. The temporary halt on tariffs and export restrictions brings immediate reassurance to global markets, which had been bracing for renewed instability. Experts point out that the ultimate success of the agreement will hinge on both countries following through, especially regarding China’s rare earth policies and U.S. export regulations,

.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Flutterwave and Polygon Join Forces to Bridge Africa’s Payment Divide and Boost Economic Participation

- Flutterwave, Africa's $31B fintech leader, partners with Polygon to use blockchain for faster, cheaper cross-border payments, targeting SMEs and remittance users. - The collaboration leverages Polygon's scalable infrastructure to bypass traditional banking delays, addressing Africa's fragmented systems and $120B annual remittance costs. - By integrating Layer 2 solutions and compliance frameworks, the partnership aims to expand financial inclusion while navigating regulatory challenges across diverse Afr

Bitget-RWA2025/10/30 13:20
Flutterwave and Polygon Join Forces to Bridge Africa’s Payment Divide and Boost Economic Participation

Mastercard Posts Strong Earnings, Yet Investors Scrutinize High Valuation

- Mastercard reported Q3 adjusted EPS of $4.38 and $8.6B revenue, exceeding analyst estimates driven by strong consumer spending and 25% growth in value-added services. - Cross-border payment volume rose 15% (local currency) and cardholder base grew 6% to 3.64 billion, with cyber security and agentic commerce initiatives highlighted as key growth drivers. - The company announced a potential $2B acquisition of crypto firm Zero Hash, signaling strategic shift toward digital assets amid broader payments secto

Bitget-RWA2025/10/30 12:58
Mastercard Posts Strong Earnings, Yet Investors Scrutinize High Valuation