#美国加征关税

The US and China have been negotiating fiercely in London for 48 hours, temporarily pressing 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 has loosened its grip on rare earths.

China has also let up a bit, allowing rare earth companies in Shenzhen to export again.

The most drastic change is the plummeting tariffs! The punitive tariffs imposed by the US on China have been cut from 145% to 30%, while China's tariffs on the US have dropped from 125% to 10%. This is definitely a significant step back from both sides!

BUT! A timed bomb hangs overhead:

August 10th is the deadline! If an agreement is not reached by then, all the lowered tariffs will 'boom' back up, or even worse! This is not an agreement; it is simply a postponement of an explosion!