After Trump and Xi's meeting, China says it will suspend its rare earth export controls issued on October 9 for one year, but says nothing about earlier limits (Keith Bradsher/New York Times)

Following a significant meeting between Trump and Xi, China announced a one-year suspension of its rare earth export controls, which were initially imposed on October 9. This decision is crucial as it could ease tensions in global trade and provide relief to industries reliant on these essential materials. However, China did not address previous restrictions, leaving some uncertainty in the market. This development is important for both countries and the global economy, as rare earth elements are vital for technology and manufacturing.