#美国加征关税 US-China London 48-hour standoff, temporarily holding down the trade war detonator, but the fuse is burning to August 10th! If talks collapse, it will explode!
Temporary pain relief:
US: Loosened its grip on rare earth choking.
China: Allowed some rare earth exports to resume from Shenzhen.
Tariff plunge! US punitive tariffs on China from 145% → 30%, China on the US from 125% → 10%
BUT! Bomb overhead:
August 10th is the lifeline! If no agreement is reached? All the reduced tariffs will "boom" and rise back, possibly even more severely! It's purely a delayed explosion!
Surface ceasefire, stabbing in the back:
US tricks haven't stopped: Chip and aircraft equipment bans haven't been lifted! They also flaunt 34% "standard" tariff court support. A delaying tactic! The big stick can fall at any time!
China hasn't given in: May exports to the US plummeted 34.5%, but the rare earth trump card forced the US to come back to talk, tough enough!