Surprise surprise, China once again didn't back down. Chinese tariffs increased to 84% (from 34%) on US goods, USA has increased tariffs on China from 104% to 125%, bBut paused the reciprocal tariffs for 90 days on everyone else.
I think this is a good thing, the biggest danger for RNU was that the tariffs would tank the world economy, no one buys a new car or a powerwall in a recession. We potentially have the best of both worlds now, our main antagonist and its synthetic graphite is going to much more expensive for the worlds largest economy to buy, plus the rest of the world economy might not be too negatively impacted.
The question is if the market go looking for the winners, like RNU, from this all today, or will the relief rally pass us by?
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