China's Ministry of Commerce (MOFCOM) has clarified that its recent rare-earth export controls are lawful national-security measures, not blanket bans. Licenses will be issued for eligible civilian trade, aligning with domestic law and non-proliferation obligations. The controls, effective October 9, were implemented with the General Administration of Customs to refine China's export control system. MOFCOM also addressed U.S. President Donald Trump's proposed 100% tariff on Chinese imports, criticizing U.S. port fees on Chinese-linked vessels as inconsistent with WTO rules. Meanwhile, Bitcoin has dipped to $111,271, marking a 0.5% decline in the past 24 hours and a 10% drop from its October 9 high of $123,641.