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The U.S. Department of Commerce's 50% affiliate rule targeting China is scheduled to automatically resume around November 10, overlapping with the timeline of the Huawei case proceedings.
Trade representatives from fifteen economies, including the United States, the European Union, Japan, and South Korea, have jointly signed an agreement promoted by the U.S. that calls for the elimination of structural overcapacity and non-market policies that lead to overproduction.
The Peterson Institute for International Economics released a report pointing out that from January to July this year, the gap between China's customs-reported exports to the United States and U.S.-recorded imports from China reached $99.8 billion, and the deviation in China-U.S. import and export data reached 10.5 standard deviations, which cannot be explained by statistical definitions.
Reuters reported that the US Department of Commerce is preparing to tighten license approvals for exporting aircraft parts and aviation hydraulic fluid to China, using them as leverage in trade negotiations.
Chinese state-owned trading companies purchased 8 to 10 cargoes of U.S. soybeans totaling 520,000 to 650,000 tonnes this week, with shipments expected to begin gradually from December, marking the first large-scale purchases since the Trump-Xi summit.
On October 1, Reuters reported, citing people familiar with the matter, that over recent weeks the U.S. Department of Commerce has slowed approvals of export licenses for aviation parts to China, restricting the number of parts that COMAC is allowed to import in order to prevent stockpiling, hoping to trade this for concessions on rare earths and other issues.
On October 1, the G20 trade ministers' meeting was held in Milwaukee, the United States, where they agreed to condemn the use of food trade as a tool of coercion, but failed to reach a consensus on condemning forced labor in supply chains and addressing structural industrial overcapacity. U.S. Trade Representative Greer did not name the opposing countries, while China denied overcapacity and accused the West of protectionism.
China's Ministry of Commerce released a number of trade and economic implementation documents, including a tariff reduction list for the United States covering multiple agricultural products and high-end medical equipment, and extending the Kuala Lumpur tariff truce to January 2027.
On September 28, after Xi Jinping's visit to the US, the Ministry of Commerce released a 38-page list of products subject to reciprocal tariff reductions, covering corn, wheat, sorghum, meat, and seed soybeans, among others. However, non-seed US soybeans, a major trade item, were not included and still face an additional 10% tariff. The tariff reduction arrangements will be implemented after completing domestic legal procedures.
According to Reuters, as the list of reciprocal tariff reductions between China and the US is announced, state-owned buyers such as Sinograin and COFCO have already purchased over 12 million tons of US soybeans, while private crushing enterprises are struggling to bear the tax burden due to an additional 10% tariff.
U.S. President Trump on September 24 held a summit with Chinese President Xi Jinping at the White House, granting state‑visit courtesies, discussing trade, technology and global conflicts.
Reuters reported on September 24, citing Chinese customs data, that despite Xi Jinping's promise last year at the Busan summit to release key rare earths, China's yttrium exports to the US remained at zero in January, May, and June of 2026. The White House claimed in November 2025 that the agreement would effectively lift export controls, but China's suspension list did not include the measure that had placed yttrium under export licensing.
He Lifeng led economic, trade, and technical bureaucrats at the JPMorgan Chase headquarters building in New York to hold round-the-clock talks with US officials for days, negotiating the deadline for rare earth deliveries and terms for soybean procurement quotas.
US Treasury Secretary Bessent announced that the US and China have agreed to extend the trade truce, originally set to expire on November 10, to January 10, 2027, continuing negotiations on issues such as tariffs, fentanyl, soybeans, and rare earths.
China's Ministry of Commerce and four other departments announced the addition of two precursor chemicals to the export control catalog. Starting immediately, exports to the United States, Mexico, and Canada will require a license application, a move seen as a response to the Trump administration's demands for the control of fentanyl precursors.