In London, China and the U.S. engaged in a deadly 48-hour discussion, temporarily pressing the trade war nuclear button, but the fuse is still burning. August 10th is the line between life and death!

Temporary painkiller:

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

China also eased some restrictions, allowing Shenzhen rare earth companies to resume exports.

The most drastic move is the tariff plunge! The U.S. slashed punitive tariffs on China from 145% to 30%, and China 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 by then, all the reduced tariffs will 'boom' back up, or even more harshly! This is not an agreement at all; it's simply a delay to an explosion!