However, the trade tensions between the United States and China are far from resolved. First, the U.S. tariffs on Chinese goods have been lowered only for 90 days, meaning that without further negotiation, they could revert to a higher level later this year.
While China has also relaxed some of its export restrictions, it has not yet lifted export curbs on some of its essential rare earth minerals, which are key to defense and other companies. That's all to say that, despite a relaxation of tension, the longer the trade war continues.
