After urgent consultations between the US and China in London, a "trade pain relief" agreement was reached:

✅ US concession: Easing some rare earth controls

✅ China countermeasure: Immediate restart of rare earth exports from Shenzhen (companies like Jinko Solar quickly obtained export permits)

⚠️ Tariff cliff delayed:

• US tariffs on China reduced from 145% to 30%

• China tariffs on the US reduced from 125% to 10%

Ultimate countdown initiated: If no breakthrough is achieved by August 10, original tariffs will automatically resume!

▌The covert war continues with hidden dangers

US underhanded tactics:

• Chip and aircraft equipment bans remain unchanged

• The White House claims "34% reciprocal tariffs received court endorsement" (Trump hinted at the possible use of the "trade cannon" at any time)