Trump-Xi Meeting: US to Suspend China Sanctions Expansion for a Year

President Donald Trump’s administration has agreed to a yearlong delay of a sanctions framework that would have dramatically expanded the number of Chinese companies subject to US trade restrictions, according to a readout from China’s Ministry of Commerce.

Beijing said Thursday that Washington had agreed to put off implementation of its so-called 50% rule, announced in late September, for one year. China, meanwhile, will delay by 12 months an expansion of its own sweeping export controls on rare-earth minerals, which would have upended operations for industries from autos to semiconductors had the escalation taken effect as scheduled in December.