$BTC The US and China have been negotiating fiercely in London for 48 hours, temporarily pressing the nuclear button of the trade war, but the fuse is still burning. August 10th is the life-and-death line!

Temporary painkiller:

The US has loosened its grip on rare earths a bit.

China has also eased up, allowing rare earth companies in Shenzhen to export again.

The most severe action is the drastic drop in tariffs! The punitive tariffs imposed by the US on China have been cut from 145% to 30%, while China's tariffs on the US have dropped from 125% to 10%. This is definitely a significant concession from both sides!

BUT! A time bomb hangs overhead:

August 10th is the deadline! If an agreement is not reached by then, all the lowered tariffs will 'boom' back up, or even more severely! This is not an agreement at all; it is simply a delayed explosion!