China will halt investigations targeting U.S. companies involved in the semiconductor supply chain and issue licenses to exporters of rare earth and other minerals critical to high-tech industries, according to the White House.
Following months of trade tensions, U.S. President Donald Trump and Chinese Communist Party leader Xi Jinping on Oct. 30 sat down together in South Korea, to make a deal on a range of issues that have strained ties between the world’s two largest economies.
Beijing agreed to postpone, for one year, the implementation of the export controls on rare earths and related products that it had announced on Oct. 9. In addition, the Chinese regime will “terminate various investigations targeting U.S. companies in the semiconductor supply chain, including its antitrust, anti-monopoly, and anti-dumping investigations,” according to a fact sheet released by the White House on Nov. 1....