The details of the China-US deal have been disclosed! After the phase-by-phase suspension of China-US negotiations, on June 11th, The Wall Street Journal reported, citing知情 sources, that after the negotiation between both sides, China agreed to resume issuing rare earth export licenses to US auto manufacturers and industrial enterprises, but the validity period of these licenses is limited to six months. In return, Washington agreed to ease restrictions on supplies of aircraft engines and their components to China as well as ethane. Foreign media reported that both sides have already reached a principle agreement framework and will gradually refine the details on this basis. The more important question is what those details are. Obviously, although US Commerce Secretary Raimond claimed that China has immediately resumed issuing rare earth export licenses to the US, from the information disclosed by the US side, it is obvious that the US side got ahead of themselves. Because our rare earth licenses are only valid for half a year. What does this indicate? This indicates that although China and the US have reached a trade framework, fundamental issues still need to be discussed further. Moreover, we see a detail here, that is, China agrees to resume issuing rare earth export licenses to US auto manufacturers and industrial enterprises. But whether the rare earth gap of US military industries is included in our license remains questionable. In fact, the current China-US negotiations have already involved each other's core interests. It is almost impossible for either side to make significant concessions. It is highly likely that both sides will engage in round after round of tug-of-war style negotiations. From a macro trend perspective, the US is determined to decouple from us in the high-tech field. The US has proven itself to be an unreliable trading partner with its actions. We have no illusions. For us, building an independent and self-reliant high-tech industrial chain is more important than trade negotiations. Original article: https://www.toutiao.com/article/1834685035286923/ Disclaimer: The article represents the views of the author alone.