The EU should expand export controls over advanced technology and impose new tariffs against China to counter Beijing’s sweeping export curbs on rare earths (see 2510090021), a major European think tank said this week.

President Donald Trump told reporters that unless China stops fentanyl shipments, resumes buying U.S. soybeans and stops playing "the rare earth game with us," he won't lower tariffs.

White House National Economic Council Director Kevin Hassett told an Axios interviewer that the administration was taken aback by China's announcement of extraterritorial export controls on products made with rare earths processed in China.

Beijing this week announced a host of new export license requirements for shipments of rare earths, superhard materials and related equipment, including new rules to restrict overseas exports if they contain certain levels of Chinese-origin materials. The country’s Ministry of Commerce also added more than a dozen companies to its Unreliable Entity List for arms sales to Taiwan or for other actions that it said hurt Chinese companies or the country’s “sovereignty” or security.

A White House official said that active pharmaceutical ingredients imported into the U.S. for medicine manufacturing will be covered by the Section 232 tariffs on branded pharmaceuticals.

Sen. Lindsey Graham, R-S.C., said late Oct. 7 that he hopes to have the Senate take up his Russia sanctions and tariff bill by month’s end to send a message to next month’s Group of Seven foreign ministers meeting in Canada.

The scope of the products covered by 100% U.S. tariffs on "patented and branded medicines" is unclear, though both the EU and Japan will only be hit with 15% tariffs, a White House official told several news outlets.

U.K. Prime Minister Keir Starmer said he and President Donald Trump discussed how to "decisively increase the pressure" on Russian President Vladimir Putin "to get him to agree to a peace deal."

The U.S. Chamber of Commerce’s U.S.-U.K. Business Council issued a statement that the president's trip to England this week is a great time to "advance discussions on finalizing the U.S.-UK Economic Prosperity deal."

After two days of talks between U.S. and Chinese officials, Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer said that they and Chinese counterpart Vice Premier He Lifeng have a "framework" for a deal for China's Byte Dance to divest TikTok to U.S. buyers, and that deal will be completed on Sept. 19 as Chinese President Xi Jinping and President Donald Trump talk about the divestiture.