The US threatened China with November 1 sanctions throughout October and of china The export controls decision was effective in this. After mutual export restrictions and various threats, the two countries, which completed their negotiations this week, finally reached an agreement. Thus, the feared November 1 sanctions were not put into effect mutually. The White House made a statement about the latest situation.
Global Trade Crisis
The crisis is over. In South Korea, President Donald J. Trump reached a comprehensive agreement with Chinese President Xi Jinping on trade and economic issues. Chinese Many items will no longer insist on buying US goods. The most important of these is soybeans. In addition, China’s retaliation against US semiconductor manufacturers and other large ABB companies will be shelved.
Announcing the scope of the agreement hours ago white house It also confirms that the issue of rare earth elements has now been resolved. Additionally, the flow of substances used in the production of fentanyl from China to the USA will also be prevented.
“China will suspend global implementation of the sweeping new export controls on rare earths and related measures announced on October 9, 2025.
China will issue general licenses valid for the export of rare earth elements, gallium, germanium, antimony and graphite for the benefit of end users in the United States and its suppliers worldwide. The general license would effectively mean the removal of controls that China imposed in April 2025 and October 2022.
China will take significant measures to stop the flow of fentanyl into the United States. In particular, China will stop the shipment of certain chemicals to North America and strictly control the export of some other chemicals to all world destinations.
China will suspend all retaliatory tariffs announced since March 4, 2025. This includes tariffs on numerous U.S. agricultural products, including chicken, wheat, corn, cotton, sorghum, soybeans, pork, beef, seafood, fruits, vegetables and dairy products.
China will purchase at least 12 million metric tons (MMT) of US soybeans in the last two months of 2025, and will also purchase at least 25 MMT of US soybeans each year in 2026, 2027, and 2028. “In addition, China will resume purchasing US sorghum and hardwood logs.”
Necessary measures will also be taken to restart operations at Nexperia’s facilities in China, which has caused tension with the EU. The agreement made by the USA guarantees the flow of chips to the rest of the world. The agreement will continue until November 10, 2026.
Effect on Cryptocurrencies
We will no longer have to see every 3 months a new retaliation from China to delay the tariff deferral agreement. What Trump wants is to make money from tariffs, and he’s forced the world to accept double-digit rates. What it needs to do in order not to undermine its own economy is to sign long-term agreements and guarantee its gains. Otherwise, it will face the risk of reducing its trade volume with various countries to zero, and this will cause it to lose money instead of making money.
Then crypto coins We can say that the constant threats, mutual finger wagging and the excitement of negotiations were frozen for 12 months. cryptocurrencies It will be left to its own devices, and this heralds good rises with the influence of positive developments specific to crypto.
Meanwhile, we are on the 32nd day of the government shutdown. Democrats and Republicans still have not reached an agreement on government financing.
