#美国加征关税 China and the U.S. have engaged in intense discussions in London for 48 hours, temporarily pressing the nuclear button on the trade war, but the fuse is still burning. August 10th is the deadline!

Temporary pain relief:

The U.S. has loosened its grip on rare earth exports.

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

The most drastic move is the plummeting tariffs! The U.S. has slashed punitive tariffs on China from 145% to 30%, and China has reduced its tariffs on the U.S. from 125% to 10%. This is definitely a significant concession from both sides!

BUT! A ticking time bomb hangs overhead:

August 10th is the deadline! If no agreement is reached before then, all the reduced tariffs will “boom” back up, possibly even higher! This is not an agreement at all; it’s just a delay before an explosion!

Surface ceasefire, secret stabbing:

The U.S. is still plotting: The ban on chips and aircraft equipment from China remains unchanged, and they boast about the court supporting their 34% “standard” tariff. I see this as a stalling tactic, with the stick ready to strike at any moment!

China is not backing down either: In May, exports to the U.S. plummeted by a record 34.5%, proving the trade war is indeed painful. But we have the rare earth trump card, forcing the U.S. to come back to the negotiating table; this hand is strong enough!