President Donald Trump, left, and Chinese President Xi Jinping shake hands before their meeting at Gimhae International Airport in Busan, South Korea, Thursday, Oct. 30, 2025. (Photo: AP/PTI) Show Quick Read Summary is AI Generated. Newsroom Reviewed

China will suspend its export controls on rare earth minerals for one year after Presidents Donald Trump and Xi Jinping agreed to ease trade tensions between the world's two largest economies.

Beijing said the export control measures announced on Oct. 9 will be halted for one year and the government will study and refine specific plans. The country has a virtual monopoly over rare earth minerals, processing technology and capacity.

Exports of technologies and their carriers related to rare earths mining, smelting and separation, as wel

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