#美国加征关税

The US and China have been negotiating fiercely in London for 48 hours, temporarily pressing the nuclear button on the trade war, but the fuse is still burning. August 10th is the lifeline!

Temporary painkiller:

The US has eased its grip on rare earths.

China has also loosened up a bit, allowing Shenzhen rare earth companies to resume exports.

The most severe is the drastic cut in tariffs! The US slashed punitive tariffs on China from 145% to 30%, while China cut tariffs on the US from 125% to 10%. This is definitely a significant concession from both sides!

BUT! A timed bomb hangs overhead:

August 10th is the deadline! If no agreement is reached by then, all the reduced tariffs will 'boom' back up, or even worse! This is not an agreement at all; it's essentially a postponed explosion!