LEAP-Fi |Paul Aremo-Oluwa
LEAP-Fi |Paul Aremo-Oluwa
June 14, 2025 at 09:08 AM
(Cont'd) *🛠️ A Production Pause and a Return to Trade* The two leaders met in Geneva in May and then again in London in early June. They agreed to several key steps: 1. They paused the tax war, offering a temporary break to stop prices from rising even higher 2. China promised to export rare earth materials and full magnets, essential for modern gadgets and vehicles 3. They restored student exchanges, meaning Chinese students can still study in the US But the taxes did not come down much. Uncle Trump still charges 55 percent and Uncle Xi keeps his at 10 percent. *📅 What This Means and What Comes Next* *Short term relief*: Businesses and consumers can plan for a few months. It is not a total fix, but it is a pause in the price hikes *Still high costs*: Fifty five percent is a heavy tax. Small businesses and shops will still feel the squeeze. Many say it could threaten their survival *Rare earths flow again*: Industries that need these critical minerals; like car makers and gadget builders can breathe easier for now *Temporary truce with pressure*: This deal is a calm in the storm, but neither side has removed the tariffs permanently. If leaders do not agree by the next deadline, tensions could rise again

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