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China's rare earth controls do not take effect immediately and appear to be just a bargaining chip for the meeting at the end of the month.
In contrast, Trump threatened to impose a 100% tariff, which was initially just a threat, and he said it would take effect next month. This also indicates that it is to create leverage for the meeting at the end of the month.
Everyone was shocked and had a strong reaction, but the two elderly people made harsh statements precisely for the sake of negotiation. If they didn't intend to negotiate, why mention that it would take effect next month?
So now buying the dip is the main thing.