$BTC

The US and China had a life-or-death negotiation in London for 48 hours, temporarily holding down the nuclear button of the trade war, but the fuse is still burning. August 10th is the deadline!

Temporary painkiller:

The US slightly loosened its grip on rare earth restrictions.

China also eased up a bit, allowing Shenzhen rare earth companies to export again.

The most ruthless thing is the tariff plunge! The US punitive tariffs on China were cut from 145% to 30%, and China's tariffs on the US were reduced from 125% to 10%. This is definitely a big step back on both sides!

BUT! A ticking time bomb hangs overhead:

August 10th is the deadline! If no agreement is reached before then, all the reduced tariffs will "boom" back up, even higher! This is not an agreement? It's simply a delayed explosion!