07/07/2025

Beijing and Washington Lift Export Restrictions on Key Products

The targeted lifting of export curbs delivers on a “framework” deal

Beijing and Washington are following through on an agreement struck last month in London to lift restrictions on exports of items essential for industrial production, as both sides look to cool a global trade war.

“The Chinese side is examining and approving applications for export licenses for eligible controlled items in accordance with the law. The U.S. side has also taken corresponding actions to cancel a series of restrictive measures against China, and the Chinese side has been informed of the relevant information,” a Chinese Commerce Ministry spokesperson said in a statement Friday.

Those “eligible controlled items” are an implicit reference to rare earths — metallic elements essential to both civilian and military technology manufacturing. Beijing holds a near monopoly on the global supply of those critical minerals and has imposed export curbs on 11 such minerals since December.

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