The European Chamber of Commerce in China has lauded the extension of the US-China trade truce, stating that without it, planned rare earth export controls would have dealt a "severe blow" to industry. However, the Chamber also raised several concerns, including uncertainty about the situation after the new expiration date of January 10 next year, and challenges faced in applying for rare earth export licenses, such as a lack of coordination between China's Ministry of Commerce and customs departments, inconsistent information disclosure requirements, and unclear reasons for failed applications.