The United States and China have finalized a landmark trade agreement addressing key economic tensions between the two nations. The deal includes commitments from China to issue general licenses for the export of critical minerals such as rare earths, gallium, germanium, antimony, and graphite, essential for industries ranging from electric vehicles to defense systems. Additionally, China will suspend expanded export controls announced in October 2025. The agreement also tackles issues related to fentanyl precursor controls, with China agreeing to regulate chemicals that contribute to synthetic opioid production. Furthermore, the deal ends retaliatory tariffs and investigations affecting US semiconductor firms and expands market access for US agricultural products. This comprehensive agreement aims to resolve longstanding trade disputes and enhance economic cooperation between the world's two largest economies.