In London, China and the US engaged in a life-and-death discussion for 48 hours, temporarily pressing down the nuclear button of the trade war, but the fuse is still burning. August 10th is the line between life and death!

Temporary pain relief:

The US slightly loosened its grip on rare earths.

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

The most drastic change is the significant drop in tariffs! The US slashed punitive tariffs on China from 145% to 30%, while China reduced its tariffs on the US from 125% to 10%. This is definitely a major compromise from both sides!

BUT! A time bomb hangs overhead:

August 10th is the deadline! If an agreement is not reached beforehand, all the reduced tariffs will “boom” back up, possibly even higher! This is not a deal at all; it's merely a delay until explosion!