During 48 hours of intense talks in London, the US and China have temporarily pressed pause on the trade war's nuclear button, but the fuse is still burning. August 10th is the deadline!

Temporary pain relief:

The US has slightly loosened its grip on rare earths.

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

The most drastic move is the significant reduction in tariffs! The punitive tariffs from the US on China were slashed from 145% to 30%, and China's tariffs on the US dropped from 125% to 10%. This is definitely a major compromise from both sides!

BUT! A ticking time bomb hangs overhead:

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