Painkillers until #美国加征关税 :

The United States has loosened its grip on rare earth elements a bit.

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

The most drastic change is the plummeting tariffs! The U.S. punitive tariffs on China have been slashed from 145% to 30%, while China's tariffs on the U.S. have been reduced from 125% to 10%. This is definitely a big step taken by both sides with gritted teeth!

BUT! A ticking time bomb hangs overhead:

August 10 is the deadline! If no agreement is reached by then, all the reduced tariffs will “boom” back up, even more harshly! Is this a treaty? It’s merely a delayed explosion!

On the surface, there’s a ceasefire, but behind the scenes, knives are being thrust:

The U.S. is still being sneaky: The bans on chip and aircraft equipment against China remain unchanged, and they flaunt court support for their 34% “standard” tariff. I see it as a stalling tactic, ready to swing the big stick down at any moment!

China isn't backing down either: Exports to the U.S. plunged by a record 34.5% in May; the trade war indeed hurts. But we have the rare earth trump card, forcing the U.S. to come back to the negotiating table; this hand is strong enough!